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Investors & landlords
Thanks for the follow up. Ironically enough, I'm in this predicament because a CPA "tax expert" at Turbo Tax in 2018 told me that there was NO stepped up basis because the property did not "change hands" when a spouse died. I recall this, and guess what, when I called again this week, someone, likely the same person, said the exact same thing to the person on the phone who relayed it to me. I corrected them, and then on a second call follow up they admitted they were wrong. So bad advice from a so called "expert" screwed me over the first time around. Now I'm paying the price to fix it big time. Wish I had never messed with Turbo Tax in the first place.
‎April 8, 2021
4:35 PM