Five College Realtors®
Cindy O'Hare Owens, Five College Realtors®Phone: (413) 262-7186
Email: [email protected]

Tag: General Finance

Posted on 09/05/2021
Step-Up Basis and 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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