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re: What happens to homes when occupant passes?

Posted on 5/7/24 at 2:38 pm to
Posted by BayouBandit24
Member since Aug 2010
16590 posts
Posted on 5/7/24 at 2:38 pm to
quote:

There is no inheritance tax under the value of something like 4 million.



It’s actually more like $13million today. And with the stepped up basis at play, probably 90+% of people have no tax consequences.
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