Posted 10/30/2020 22:54 (#8577150 - in reply to #8574097) Subject: RE: Question on Capital Gains Tax / Elimination of Stepped Up Basis
NE N. Dak.
I've read that they could assign a value from similar properties sold at that time.
Will be interesting land changes hands privately without cost information entered. Sometimes I think it even changes hands for a dollar. But that doesn't sound correct because how would they know what to pay in capital gains tax.
Question on Capital Gains Tax / Elimination of Stepped Up Basis
