About this episode

Dr. Friday discusses tax planning strategies before major life events in her final live radio broadcast.

Dr. Friday uses this final live radio broadcast to focus on tax planning before major life events, especially selling property, inheriting real estate, transferring family homes, and updating estate documents. She explains why basis, appraisals, trusts, POD designations, and powers of attorney matter before a family is forced to sort things out after the fact. The episode also includes caller questions on inherited property and prize winnings, plus reminders about marketplace insurance, Medicare IRMA, IRS identity checks, and business recordkeeping. Summary Points Home sale basis: Dr. Friday reviews the primary residence exclusion, explains that the old rollover rule is gone, and reminds homeowners to document major improvements that increase basis. Inherited property: She explains step-up in basis, why the date-of-death value matters, and why appraisals can be stronger support than rough comparable sales after repairs are made. Final live radio show: Dr. Friday tells listeners the show is moving off 99.7 and toward DrFriday.com, where she plans to keep answering questions and sharing tax education. Family property transfers: A caller asks about homes titled in her parents&#8217…

People in this episode

Host: Dr. Friday Burke

Topics covered

• tax planning
• property sales
• inheritance
• estate documents
• family transfers
• caller questions

Keywords

• tax planning
• property sales
• inheritance
• estate documents
• family transfers
• Medicare
• IRS identity checks

Mentioned in this episode

Organizations: DrFriday.com, IRS, Medicare, 99.7

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