Anchor Florida Realty LLC
Rod Banks, Anchor Florida Realty LLCPhone: (813) 245-4412
Email: [email protected]

Tag: Personal Finance

Posted on 01/05/2020
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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