When it comes to real estate investing, your basis could be the difference between keeping your profits—or handing them over to the IRS. In this episode of The Legacy Academy, Natalia Ouellette-Grice, Esq., JD, MBA, dives deep into the concept of “basis” — what it really means, how it’s calculated, and why it matters more than most investors realize.

From understanding the difference between cost basis and adjusted basis to learning how depreciation, refinancing, and capital improvements affect your bottom line, Natalia breaks it all down in plain English. You’ll also uncover why the step-up in basis can be a massive tax advantage, and what documentation investors must keep to stay audit-ready.

Whether you’re flipping, holding, or passing down properties, this episode will help you avoid the costly mistakes that even seasoned investor ...