Posted 1/11/2021 20:17 (#8743596 - in reply to #8743516) Subject: RE: Stepped up basis... again
Illinois
Kooiker - 1/11/2021 19:51
Indrtfmr - 1/11/2021 19:46 How ignorant, a guy scrimps and saved to help his kids out and you want 67% of it? He paid for it with money he saved after taxes
Actually the part that his kids would owe taxes on is appreciation in value that has never been taxed.
The part that he paid for with after tax money would not be taxed again.
Kinda like a roth IRA? Pay taxes ahead and get the appreciation tax free? Are they going to change that also
Stepped up basis... again
