Press release
Top Realtor in Alameda, CA Highlights Critical Tax Considerations for Selling Inherited Properties
"Understanding the stepped-up tax basis is essential for anyone inheriting property. It can significantly reduce your tax burden and simplify the process of selling inherited assets," says Erin Chan-Adams, a trusted Realtor in Alameda, CA [https://www.abnewswire.com/pressreleases/top-real-estate-listing-agent-in-alameda-ca-becomes-a-compass-realtor_724295.html]. "While it may seem complicated, this tax code provision is designed to provide relief during what can already be a difficult time."
As a knowledgeable real estate listing agent in Alameda, CA [https://g.co/kgs/tcPJmx7], Erin explains that a step-up in basis allows the cost basis of the inherited property to be adjusted to its current market value at the time of the original owner's death. This adjustment ensures the new owner avoids being taxed on unrealized gains accrued before inheritance, making it easier to manage capital gains tax when selling.
Erin's expertise as one of the top Realtor agents in Alameda, CA [https://www.google.com/maps/place/Erin+Chan-Adams+%7C+Real+Estate+Agent+in+Oakland+CA/@37.8268066,-122.2156292,17z/data=!3m1!4b1!4m9!1m2!2m1!1stop+Realtor+agents+in+Alameda,+CA!3m5!1s0x808f87f0d6f97c07:0x315b6c2e72ee9348!8m2!3d37.8268025!4d-122.2107637!16s] comes from years of navigating the East Bay market. With a background as a real estate attorney and now as a full-time agent, Erin has helped countless clients maximize the value of their inherited properties. Whether it's advising on property improvements or guiding clients through the sales process, her approach is always thorough and client-focused.
For families looking to work with Alameda, CA Realtors [https://www.google.com/maps/place/Erin+Chan-Adams+%7C+Real+Estate+Agent+in+Oakland+CA/@37.8268066,-122.2156292,17z/data=!3m1!4b1!4m9!1m2!2m1!1sAlameda,+CA+Realtors!3m5!1s0x808f87f0d6f97c07:0x315b6c2e72ee9348!8m2!3d37.8268025!4d-122.2107637!16s%2Fg%2F11vytd] who understand the intricacies of the tax code and real estate law, Erin offers a unique blend of legal and market expertise. Her dedication to helping clients achieve their goals makes her an invaluable partner in any real estate transaction.
To learn more about how Erin Chan-Adams can assist with your real estate needs, visit her website at https://chanadamsrealty.com [https://chanadamsrealty.com/]. Contact Erin today for professional guidance in navigating the complexities of selling inherited properties.
Media Contact
Company Name: Erin Chan-Adams | Real Estate Agent in Alameda CA
Contact Person: Erin Chan-Adams
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=top-realtor-in-alameda-ca-highlights-critical-tax-considerations-for-selling-inherited-properties]
Phone: 1 415-370-7228
Address:1410 Park Avenue
City: Alameda
State: California
Country: United States
Website: https://chanadamsrealty.com/
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