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Before gifting property, run the numbers (access required)

By Benny Kass
Published: February 9, 2012
Time posted: 4:38 pm
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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