Transferring One’s Personal Residence Property Tax Basis to a New Residence

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Rick interviews Dennis Young (CPA) of Young, Craig & Co., LLP regarding the guidelines and process under which one may be able transfer the property tax basis from their personal residence to a new residence following the sale of their home. As an alternative, Dennis explains a strategy for utilizing the proceeds of the sale of a personal residence in purchasing an investment property and the tax implications.

 

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