When the last parent died you should have gotten an appraisal.

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Sep 9, 2024
4:49:18pm

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

Previous username: Cougar Rage
Bio page: 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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