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Elimination of stepped up basis
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TJH
Posted 8/20/2024 12:19 (#10858987 - in reply to #10858953)
Subject: RE: Elimination of stepped up basis



NEIA
Must be different there than here. As soon as the estate is settled with the stepped up basis the kids sell it. There are some out of state landowners, but not a very big percentage. One that I know of when she dies it will be for sale. In fact I bought a farm that I was renting from a California lady. She died the daughters couldn't agree on what to do with it so they sold it.
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