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If we Inherited 120 acres, selling off 10 acres. Does the Estate pay that step-up or do we need to assign that part of the property to one of us and they pay the step-up?
We've had a renter on 2 of the acres that would like to purchase that part plus an additional 8 acres. The additional 8 acres have been farm land and recorded as such.
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‎November 26, 2025
6:11 AM