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re: Capital Gains Tax Question
Posted on 7/3/23 at 2:04 pm to WhiskeyThrottle
Posted on 7/3/23 at 2:04 pm to WhiskeyThrottle
1031 exchange.
The best thing to do would be to not sell it, pass it along to the next generation, then sell it with the newly stepped-up basis. Doesn't sound like that is an option though if they need $$$ for retirement.
The best thing to do would be to not sell it, pass it along to the next generation, then sell it with the newly stepped-up basis. Doesn't sound like that is an option though if they need $$$ for retirement.
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