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All About the Stepped-Up Basis Loophole
SmartAsset via Yahoo Finance· 1 year agoStepped-up basis is a tax provision that allows heirs to reduce their capital gains taxes. When someone inherits property and investments, the IRS resets...
Do I Pay Taxes Automatically If I Inherit Property?
SmartAsset via Yahoo Finance· 2 months agoWhen you inherit property, the IRS applies what is known as a stepped-up basis to that asset. Here's how capital gains are taxed on inherited property.
This Is How the Rich Pass on Property Without Paying Huge Amounts in Taxes
Motley Fool· 1 year agoImage source: Getty Images Passing on property to your children or loved ones is a great way to...
Generational Wealth: If You Sell a Family Heirloom, Do You Have To Pay Taxes?
GOBankingRates via Yahoo Finance· 10 months agoFamily heirlooms can have both sentimental and monetary value, and the heirs who receive them might...
I’m an Accountant: Here Are 5 Tax Tricks That Help My Wealthy Clients
GOBankingRates via Yahoo Finance· 3 months agoIf there's one topic that confuses most of us, it's taxes and how to plan accordingly for them to...
The Gifting Strategy That Could Help You Avoid Estate Taxes
SmartAsset via Yahoo Finance· 4 months agoEstate planning usually involves determining how to pass assets on to younger generations. But...
Inherited your mom's 1960s home? How to use a 1031 exchange to build wealth, save on taxes
USA TODAY via Yahoo Finance· 3 months agoIf you’ve inherited your mom’s 1960s-style house, you might be wondering what to do with it. The...
10 Financial Loopholes Available Only to the Super Rich
GOBankingRates via Yahoo Finance· 6 months agoWe all know the ultra-wealthy have access to all kinds of perks, from lavish homes and vacations to...
Allworth Advice: When should we give our son our stock shares?
Cincinnati.com | The Enquirer via Yahoo News· 1 year agoQuestion: Carl and Cindy from Cleves: From a tax standpoint, should we give our stock shares to our...
Community Property vs. Joint Tenancy: Which Is Better For Me?
SmartAsset via AOL· 1 year agoWhen it comes to sharing property with another person, there are a few different forms of legal...