2 ms·
> Which they have to pay back with post tax money Unless they die first. If heirs hold on to inherited property for a while (2 years?) they can sell it at the
by robotresearcher 5y ago
> Which they have to pay back with post tax money
Unless they die first. If heirs hold on to inherited property for a while (2 years?) they can sell it at the cost basis reset to the value at the time they inherited. They pay back the loan with the before-death gains untaxed. The original buyer got to effectively realize their gains via loans, untaxed.
https://smartasset.com/taxes/how-to-avoid-paying-capital-gains-tax-on-inherited-property https://smartasset.com/taxes/how-to-avoid-paying-capital-gai...
- eloff 5y agoSounds like a problem with how inheritance is taxed, not loans.