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Understanding Tax Basis

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Date Published

June 8, 2021


San Diego County Bar Association


Tax Law


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Presented by:  
The Taxation Law Section & Co-Produced by the Estate Planning Trust & Probate Section of the San Diego County Bar Association

This program is worth:
1.0 General MCLE Credit
1.0 Specialization Credit in Taxation law
1.0 Specialization Credit in Estate Planning Trust & Probate Law

Michael C. Gerson, Esq., Senior Wealth Planning Strategist, Wells Fargo Private Bank

The tax basis of an asset plays a vital role in determining tax consequences of selling, exchanging, depreciating and other taxable transactions involving the asset. Generally, tax basis of an asset is its cost basis. This rule may sound straightforward, but often is not. What if the asset is sold or gifted? Or if the asset is received by an inheritance. As an estate planner or tax counsel, understanding the role and rules of basis may optimize opportunities for tax savings for your clients. Join Michael C. Gerson, of Wells Fargo Private Bank, as he discusses the basic framework relating to these issues.


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Michael C. Gerson
Senior Wealth Planning Strategist - Wells Fargo Private Bank

Michael C. Gerson obtained his Juris Doctorate from UC Davis, King Hall School of Law, and is a Fellow of the American... Read More

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Program Titles and Supporting Materials

This program contains the following components:

Understanding Tax Basis - Video
Understanding Tax Basis - Handout
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If applicable, you may obtain credit in multiple jurisdictions simultaneously for this program (see pending/approved list below). If electing credit for this program, registrants in jurisdictions not listed below will receive a Certificate of Completion that may or may not meet credit requirements in other jurisdictions. Where applicable, credit will be only awarded to a paid registrant completing all the requirements of the program as determined by the selected accreditation authority.

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How to Attend

Join the self-paced program from your office, home, or hotel room using a computer and high speed internet connection. You may start and stop the program at your convenience, continue where you left off, and review supporting materials as often as you like. Please note: Internet Explorer is no longer a supported browser. We recommend using Google Chrome, Mozilla Firefox or Safari for best results.

Technical Requirements
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