Principal John Hartog examines the recent passage of Proposition 19 and its various tax implications. Eliminating the so-called “Lebowski Loophole,” the proposition applies to transfers of residences occurring on or after Feb. 15, 2021. However, Prop 19 does create benefits for certain taxpayers, and John explores these new criteria.
The Southern California Tax and Estate Planning Forum
Principal John Hartog examines the recent passage of Proposition 19 and its various tax implications[..]
Trustees should anticipate that beneficiaries’ inquiries and demands will intensify.
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