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Moving the farm
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David
Posted 5/11/2025 12:43 (#11220983 - in reply to #11220588)
Subject: RE: Moving the farm


It’s difficult to say without knowing your details. Each parcel you sell will have a basis on it. As far as stepped up basis, if your dad still owns it, it is his basis from when he bought it. If he passed already, it likely got a stepped up basis then. So, whomever owns it now is who has the basis.
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