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Sep 9, 2024
4:49
:18
pm
Cobra Venom
Starter
When the last parent died you should have gotten an appraisal.
That is the new step up in basis. Every dollar above that amount is taxable.
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Cobra Venom
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Cougar Rage
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Cobra Venom
Joined
Jan 12, 2011
Last login
Sep 16, 2024
Total posts
936 (0 FO)
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Messages
Author
Time
Is inherited $ taxable? I’ve been getting mixed info. No estate tax in this sit
BamaCoug
Sep 9, 4:17pm
<< Deleted >>
RexIdaCoug
Sep 9, 4:19pm
Typically not. If it's inherited assets, you get a step-up in tax basis, so you
ebv
Sep 9, 4:20pm
It's complicated if it's income producing. If it is making money after the
cougarfann888
Sep 9, 4:30pm
Is it an estate or a trust? Is there a reason why the estate hasn't been closed
BYU-Ite
Sep 9, 4:27pm
Generally only for post-death appreciation, possibly for traditional retiirement
mkg
Sep 9, 4:42pm
When the last parent died you should have gotten an appraisal.
Cobra Venom
Sep 9, 4:49pm
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