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Gifting property before death may be smart tax move (access required)

DEAR BENNY: You frequently write about the stepped-up basis when a property is inherited. In today’s market, however, you may find the reverse situation. For example, let’s say I purchased a house for $600,000 several years ago but the current value is $400,000. If my children inherit the house, can they keep the $600,000 basis or do ...

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