- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Tax law changes
So I may understand lets' say my cost basis is $350,000 due to improvements. The initial cost was $133,000. It may be assessed today at $1,250,000. If I understand you then when I die their cost basis is $1,250,000 and if they sell the property they only owe taxes of capital gains above $1,250,000. Am I correct?
‎August 31, 2022
9:20 AM