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re: What happens to homes when occupant passes?
Posted on 5/7/24 at 2:26 pm to fareplay
Posted on 5/7/24 at 2:26 pm to fareplay
quote:
My thought process is that kids will inherit homes that they can’t pay the tax based on market value and will choose to liquidate. Does that assumption hold?
Stepped up basis helps when you sell.
Don’t have to pay anything but property taxes until you sell.
1
Posted on 5/7/24 at 2:33 pm to Dawgfanman
quote:
Don’t have to pay anything but property taxes until you sell.
45% of baby boomers who own a house, still have a mortgage on the house
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