Replies

To: taildragger

suppose somebody inherits a million-dollar-property with a basis
of 200K but the records of the basis are lost

how much money are we talking about?

45 posted on 02/20/2021 1:27:23 PM PST by RockyTx

To: RockyTx

The IRS will assume ZERO and tax the WHOLE MILLION per my CPA, that is what they are discussing....

47 posted on 02/20/2021 1:31:23 PM PST by taildragger ("Do you hear the people Singing? Singing the Songs of Angry Men!")

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