May 20, 2024
10:19:55am
10:19:55am
RE: Step up in basis doesn't fit here though. They should text that capital
If I own real property and don't sell it and then I gift it to my heirs, it gets a full step up in basis. OTOH I don't see why someone gets to tax property just because it's increased in value.
Tax income not increases in value.
Tax income not increases in value.
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