Premier Sothebys Intl Realty
Kelly Lee McFrederick, Premier Sothebys Intl RealtyPhone: (727) 410-3605
Email: [email protected]

Tag: Real Estate Taxes

Step-Up Basis and How It Can Pertain to Real Estate
Posted on 02/03/2020
Step-Up Basis and How It Can Pertain to Real Estate
Image by Steve Buissinne from Pixabay Suppose you’ve inherited your parents’ longtime home. Suppose they paid $100,000 for it, and it’s now worth $300,000. Had they sold it while it was in their possession, they would have avoided paying capital gains tax due to the Taxpayer Relief Act of 1997. Now that it’s yours, has that tax avoidance...
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