After step-up, kids cost base is the market value

来源: RE8888 于 2010-11-21 14:31:20 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (175 bytes)
回答: question 由 connecting20 于 2010-11-21 13:29:26

on the day father die, NOT 400K. Maybe $800K or $1.2M. Basically if kids sell the house on that day, all gain is tax free. But that gain counts as father Estate assets.

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