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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: "stepped up"
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 How Do I Calculate the Capital Gain on Sale of Inherited Property?
0
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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 What are the Tax Implications for Growing Value of Real Estate in Trust?
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By Harry Margolis
In Real Estate
Posted November 12, 2019

What are the Tax Implications for Growing Value of Real Estate in Trust?

Question: My mother passed away two years ago and she left her husband a life estate in their primary residence via her Living Trust. The trust designated my sister as the trustee after my [...]

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 How are Capital Gains in Life Estate Affected by Improvements?
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By Harry Margolis
In Long-Term Care Planning
Posted March 1, 2019

How are Capital Gains in Life Estate Affected by Improvements?

Question: My mother has quitclaimed the deed of her house to me while retaining a life-use interest. There may be a future potential to sell the house prior to her death if she wants or needs to [...]

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Wondering if a trust makes sense for you?

This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book
(An Amazon Prime Reading selection)

Read Sample Chapters

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