Although isn't the Biden administration also considering trying to eliminate the

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Jul 11, 2021
8:28:24pm

kos Starter

Although isn't the Biden administration also considering trying to eliminate the

basis step-up at death? If that also happened, wouldn't that blow this strategy up? Just trying to make sure I understand it correctly.

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kos

Bio page: kos
Joined: Sep 14, 2016
Last login: May 3, 2024
Total posts: 1,820 (2 FO)

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Messages

Author

Time

Buy, Borrow, Die. How rich Americans live off paper wealth

CBaass

7/11/21 7:53pm

This will happen a lot more if Biden changes cap gains rates. In an inflationary

johnnybyu

7/11/21 7:58pm

Portfolio LOC right now is like 2%. The bank has basically no risk

hansel

7/11/21 8:12pm

Agreed the same thing happens with real estate. Why sell when all your gains

johnnybyu

7/11/21 8:36pm

Although isn't the Biden administration also considering trying to eliminate the

kos

7/11/21 8:28pm

It could be problematic for people receiving inheritance

johnnybyu

7/11/21 8:35pm

Wouldn’t really blow it up, it’d just pass the built-in tax down to the kids

hansel

7/12/21 6:29am

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