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Selling a piece of land,then giving proceeds to adult children,,,
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Slugbait
Posted 8/20/2026 13:27 (#11733287 - in reply to #11733021)
Subject: RE: Selling a piece of land,then giving proceeds to adult children,,,



Pedee, Oregon
Exactly, you do not want to lose the basis step up. Gifting can work if you want to pass along cash assets, but you a right, there’s lots of tax planning to do before pulling the trigger on gifting.
If you think Illinois estate tax causes heartburn, Oregon's would give you immediate digestive evacuation.
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