Quote:
Originally Posted by retiredguy123
I would just point out that you are saying basically the same thing that I said. There is a step up in cost basis to the market value at the time of death. Obviously, there could be a capital gains tax if the value of the property increases after the death of the owner, but this has nothing to do with the ladybird deed.
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correct. . . I owe you a beer at our next TOTV estate strategy dinner . . .