To: Tax-chick
It was the booby prize in a divorce.
7,895 posted on
12/06/2015 10:12:16 AM PST by
null and void
(muslims don't kill people, Climate Change kills people!)
To: null and void
My gut reaction is that this event would not reset the basis because it’s not a taxable transfer. An inheritance is a taxable transfer even if no tax is assessed because the total estate is below the exclusion level.
7,896 posted on
12/06/2015 10:16:39 AM PST by
Tax-chick
(Maximizing my cultural appropriation.)
To: null and void; Tax-chick
Coming in from outside, I seem to have walked into a conversation that has left me...
7,898 posted on
12/06/2015 10:49:48 AM PST by
Monkey Face
(The body is 90% water, so we're basically just cucumbers with anxiety.)
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