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Elimination of stepped up basis
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coup
Posted 8/20/2024 20:34 (#10859569 - in reply to #10859537)
Subject: RE: How about we try this


USA
Crowcrick - 8/20/2024 19:20

Appond your death or before you can transfer your land you must repay all of the insurance premiums that the US taxpayer has paid on your behalf.

Also remember that the first 13ish million of inheatance is distributed tax free. So when somebody post that they must pay 300k on a 1.2 million inheritance they are talking the 15th million of inheritance.




ILL estate tax limit is $4 million. $13 million estate would pay around $1.4 million estate tax.
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