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I guess stepped up basis is considered a loophole
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Boone & Crockett
Posted 6/30/2020 09:16 (#8344961 - in reply to #8344912)
Subject: RE: yes


dogg4585 - 6/30/2020 08:52

Even better would be the AOC plan of paying this capital gain as the asset goes up in value (every year). Talk about needing cash on hand! But I'm sure theyll pay you if the asset loses value****.
imagine needing an appraisal done every year on your farm assets individually owned without a share price attached to it.....how else could values be ascertained every year?
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