Whenever a new president takes office, “discussions” about taxes are sure to follow. During his campaign, President Biden proposed a number of changes to the tax code that would affect wealthy Americans. One proposal, however, could impact people of more modest means: modifications to, or the elimination of, the basis step-up rule. Do you think this will affect you? Be sure to read this summary article, but we can discuss this in a Zoom or in-person consultation. Make an appointment at (805)946-1550.