Posted 2/16/2019 20:33 (#7325449 - in reply to #7325419) Subject: RE: Do you pay income taxes?
NW Barton County Missouri
JUST LEARNING - 2/16/2019 20:23
No that's incorrect, upon death there is an appraisal of land and the basis is stepped up to that level. If heirs sell land the next day or the next year for that appraised value there is no tax due.
That's how it was explained to me when my Dad died.
Do you pay income taxes?
