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Right, the point of the person you replied to was about the scenario where inheritance taxes are small or non-existent - they literally said step up in basis ma
by topaz0 5mo ago
Right, the point of the person you replied to was about the scenario where inheritance taxes are small or non-existent - they literally said step up in basis makes sense when inheritance is taxed meaningfully.
- sokoloff 5mo agoI know. I read that. I was adding the practical point about basis establishment and record-keeping; I never disputed their other points.