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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Tag Archives for: "step-up basis"
Home /
 How Do I Calculate the Capital Gain on Sale of Inherited Property?
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By Harry Margolis
In Probate, Real Estate
Posted March 22, 2023

How Do I Calculate the Capital Gain on Sale of Inherited Property?

Question: I inherited lake shore property (vacant land–no house) that I am now selling. How do I figure the capital gains on the sale? Response: The capital gain will be the difference [...]

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By Harry Margolis
In Probate, Revocable Trusts
Posted June 21, 2021

As Trustee Should I Distribute Investments or Liquidate them to Distribute Cash?

Question: My question is about appreciating assets (stock, mutual funds, etc.) in my mother’s living revocable trust. My mother died in February 2021 at the age of 91 and she was the [...]

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This simple-yet-comprehensive guide provides everything you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book

Read Sample Chapters

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