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voisin
on June 24, 2020
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The Inheritance Tax Is Far Too Low
You paid nothing but presumably your parents’ estate paid taxes on the deemed disposition at FMV less its basis.
graton
on June 24, 2020
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No, it did not.
voisin
on June 24, 2020
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parent
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So there was a bump in tax basis to FMV that essentially creates a tax free capital gain for the beneficiary?
lakis
on June 25, 2020
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Yes
graton
on June 24, 2020
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[–]
Correct.
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