How Could the Capital Gains Tax Affect You?

President Biden is approaching 100 days in office and is about to hold his first joint session in Congress. One of the things he’ll be talking about is the capital gains tax proposal. What do you need to know about this?

 

Read more and get additional financial resources here: https://doncashpodcast.com/podcast/how-could-the-capital-gains-tax-affect-you/ 

 

What we discuss on this episode: 

0:30 - Spring brings allergies and storms.

2:35 - Don’t forget about this year’s tax deadline.

3:53 - Biden is coming up on 100 days.

5:22 - What is the capital gains tax?

8:24 - How might this affect everyone?

15:27 - What about the step-up in basis? 

21:06 - What is publication 590-B?