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I guess stepped up basis is considered a loophole
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STOMN
Posted 6/30/2020 07:37 (#8344719 - in reply to #8344683)
Subject: RE: I guess stepped up basis is considered a loophole


West Central MN
Mixed feelings about this. Why should you not have to pay taxes on a “sale”? Doesn’t this just give money to spoiled kids that didn’t earn it? And add to the “free generation”. I would think it would bring land value down, less investor interest? But it does help transfer the farm to the next generation.
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