Posted 11/8/2012 08:47 (#2685573 - in reply to #2684871) Subject: RE: Inheritance tax on Farmland ?
Everyone is assuming that being able to use a "stepped up basis" at the time of death will be in
effect. That is a wild card. If grandma was half owner of the land when grandpa died, she
does not get to step up her basis, only his basis that she inherited. Too many rules, get
competant advice!!