Taxes Services

Special Situations

Inherited Property: Inheriting a property comes with unique tax considerations. The property's value is stepped up to the market value at the time of inheritance, which can significantly reduce the capital gains tax if sold.

Rental Property: Selling a rental property in California can be more complex, tax-wise. Beyond capital gains tax, depreciation recapture tax might also apply, which taxes the depreciation you've claimed on the property.

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For personalized advice, consider consulting a tax professional or a real estate attorney who can provide specific guidance based on your situation.

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