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What happens to Ag
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neukm
Posted 9/22/2020 11:00 (#8509424 - in reply to #8509408)
Subject: RE: What happens to Ag


EC IL
jonas grumby - 9/22/2020 09:49

please explain how death is a taxable event if the person dying is not over the death tax exception limit. Please explain how the capital tax rate is an issue unless the heir sells.


Because Biden/Harris are proposing to change it so that the transfer of the asset is taxed as capital gains with no stepped up basis.

Edit: without selling



Edited by neukm 9/22/2020 11:01
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