The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/note-however-that-the-comparison-is-between-the-30491676.aspx

Subject:  Re: inheritance of house - sale Date:  1/17/2013  5:08 PM
Author:  inparadise Number:  117381 of 121595

Note, however, that the comparison is between the value at the date of death and the sale price. The price that Dad paid for the house is no longer relevant.

Yes, which will actually be a potentially negative impact for us. Step down in basis this time around.

IP
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us