Posted 2/16/2019 21:01 (#7325500 - in reply to #7325419) Subject: RE: Do you pay income taxes?
South West MN
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.
Do you pay income taxes?
