Unlocking Real Estate Tax Strategies: A Guide to Capital Gains, Gifting, 121 exclusions, and Beyond

Coastal Closings: The Lucas Real Estate Podcast

Join real estate attorney, broker, and REALTOR® Devin Lucas for a fast-paced, practical deep dive into today’s most important real estate tax strategies. Whether you are a seller or trustee, or work with trustees, investors, or families planning wealth transfers, this session delivers actionable insights from the legal and tax front lines. Join us for this comprehensive presentation. As one attendee put it, "I feel like I just got hit with a firehose."

Topics Covered:
• Gifts of real estate and gifts of equity
• Selling to children below market value
• Capital Gains
• IRS Section 121 exclusion and step-up in basis
• 1031 exchanges, DSTs, and OZs
• 1031 conversion of primary residence
• Installment sales and structured deferrals
• Bonus depreciation, real estate professional status, and more
• Proposition 19: inheritance tax traps, portability, and LLC workarounds
• Current insights into the "big beautiful bill" and its impact on real estate
Learn strategies to reduce capital gains, avoid reassessment, and plan for wealth transfer.

Prefer video? Watch the full session on YouTube: https://youtu.be/oFhgvDUkZhc
Presented to the Orange County Bar Association | May 2025
Hosted by Devin R. Lucas | lucas-real-estate.com
This podcast is for educational purposes only and does not constitute legal or tax advice.

Lucas Real Estate, A Professional Corporation
Real Estate Law | Real Estate Transactions | REALTORS®
2901 West Coast Highway Suite 200
Newport Beach | California | 92663-4023
O. 949.478.1623
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lucas-real-estate.com