Posted 8/20/2024 13:05 (#10859060 - in reply to #10858921) Subject: RE: Elimination of stepped up basis
Hennepin, IL
How does eliminating stepped up basis by itself consolidate ownership faster? If anything it will incentivize those with lower basis to hold when they may not have otherwise. Now if you're commenting on the D's similar plan to technically keep stepped up basis but make the gain taxable and due within X years, I'd agree.