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I guess stepped up basis is considered a loophole
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dittfarms
Posted 6/30/2020 07:25 (#8344695 - in reply to #8344635)
Subject: RE: I guess stepped up basis is considered a loophole


ottertail co mn
Every one on here complains about high land prices. If the land was bought at a high price there will still be no tax consequences. This mostly affects old money

I understand what you are saying though Especially on depreciated items

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