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I guess stepped up basis is considered a loophole
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w1891
Posted 6/30/2020 08:27 (#8344857 - in reply to #8344849)
Subject: RE: I guess stepped up basis is considered a loophole


S Illinois
And your capital asset didn’t take advantage of that inflation-you know the very definition of inflation. You are not taxed again on you initial purchase price. You are taxed on the gain from your inflation calculator. Not on the whole amount.
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