Use it or Lose It – Regs to Cut Estate and Gift Tax Exemptions in Half After 2025- By Kenneth Ziskin

California apartment owners should have cheered the Tax Cut and Jobs Act (“TCJA”) provisions that doubled Estate and Gift Tax Exclusions beginning in 2018.  For many apartment owners, these provisions increased the Exclusion to $11.58 million for a single person, and $23.26 million for a married couple in 2020.   Unfortunately, the doubling was only temporary,…