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Financial Planning / Tax Strategies


Subject:  Re: inheritance of house - sale Date:  1/17/2013  5:08 PM
Author:  inparadise Number:  117381 of 126601

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.

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