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Home > Columnists > Kass > Before gifting property, run the numbers
Before gifting property, run the numbers
DEAR BENNY: Regarding whether to give houses to heirs as gifts or let heirs inherit them, you have expressed your preference numerous times.
In general, I agree with you to let heirs inherit houses so that they get a stepped-up cost basis and, hence, won't pay capital gains tax.
However, for those who have large estates ...
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