Tax Law Gets Racy? Spousal Roll-Overs
Generally speaking, transfers of property between spouses will not trigger taxes under the deemed disposition rules (read up on deemed dispositions by clicking here). This is called a “spousal roll-over” because the transferred property “rolls over” to the spouse without any immediate tax consequences. While it sounds a little racy, the term has nothing to do with other spousal activities and can be used in polite company. Learn more in our recent Tax Talk article by clicking here.
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