😡😡DISGUSTING😡😡
COPIED FROM QFROGMAN telegram
ALERT - HUGE CHANGES TO INHERITED PROPERTY TAX
Biden's administration wants to get rid of something called "stepped up basis." How does this affect you?
Under current tax law, when your parents pass and leave you the family home and you sell it, you would only pay taxes on the capital gains between what it is worth today and what it sells for.
If Biden does away with "stepped up basis," when you inherit the property, you will have to pay tax on the difference between what your parents originally paid for the property...and what you