To: tubebender
It also deprive them of the stepup in value on your death.
Does this matter anymore? I thought they did away with capital gains on homes? Or perhaps that only applies to your primary residence.
To: VA Advogado
Check with your CPA for tax advice.
138 posted on
12/06/2001 7:43:43 PM PST by
JD86
To: VA Advogado
You are right about the stepup in value vis a vis the new tax laws. That little puppy right there could cost your heirs big money and it needs to be changed soon.REAL SOON!
To: VA Advogado
You have to have lived in the house a minimum period of time before it's sold to take the cap gains exemption.
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