MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

The $15 Million mistake you can’t afford to make ⚠️ #taxplanning #finance

17 Jun 2026 · 0 min

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Mark Kohler explains the $15 million lifetime gift-tax exemption that expires this year. If you put a child on a property title, you're gifting half its value and must file a return to claim the exemption or face unexpected tax liability.

And you're allowed to use up your lifetime exemption of gifts, which this year is $15 million, but you've got to do a tax return to claim that. And I don't know how much your net worth is. If it's more than $15 million, we got an issue. So you've got $15 million of credit and you've got to do a tax return and use that up or you're going to pay tax. So you've incurred some legal or tax preparation fees. Not a big deal, but you've just, remember, given away half of the property to that child when you put them on title.