ilmscore | Prediction Details
"your children are buying the house at the price that they get it at so if the property is worth $50 million you die and then you give it to your kids your kids are essentially buying this property with a basis of $50 million"
By Minority Mindset | September 27, 2024 | Pending
From video
7 Tax Loopholes Only Rich People Understand 00:13:25 - 00:13:37
Interpreted Prediction
Upon death, inherited assets receive a stepped-up basis, meaning heirs are taxed on the value at the time of inheritance, not the original purchase price.

Prediction Details

Topic
Stepped-Up Basis at Death

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