To Save on Taxes, Timing Matters (Part II)

When it comes to income and investing, understanding how timing affects your taxes is a big deal. Profits from your investment property are affected by the timing of sales as well as how you hold the property (including how you manage depreciation). Installment Sale If you own property free and clear (or with very little … Read more

Your Kids May Have to Pay More Property Taxes After You’re Gone

In 2020, California voters approved Proposition 19, the Property Tax Transfers, Exemptions, and Revenue for Wildfire Agencies and Counties Amendment (2020) to take effect February 1, 2022. Presumably, they thought disadvantaged homeowners (those who are disabled, older than 55, or wildfire victims) should be able to transfer their property tax base when they purchase a … Read more