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Elimination of stepped up basis
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JRthefarmer
Posted 8/20/2024 11:55 (#10858956 - in reply to #10858835)
Subject: Keep in mind



SESD
Some posts are looking at this more as an inheritance tax instead of stepped up basis. While I don't agree with no step up basiz, it really doesn't come into play unless an heir sells the ground. So in the case of generational family wealth, this step up basis does not really affect it if the land is not planned on ever being sold
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