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If you gift Part of your house to your chidren, when you pass away- do they get a stepped up basis?

2007-11-06 06:24:52 · 2 answers · asked by marian t 1 in Business & Finance ➔ Other - Business & Finance

2 answers

I'm not sure I understand the questions. Maybe these aren't American financial terms.

2007-11-06 06:30:03 · answer #1 · answered by HiddenBarb 5 · 0⤊ 0⤋

A gift doesn't get a stepped up basis. An inheritance does.

2007-11-06 14:44:54 · answer #2 · answered by Judy 7 · 0⤊ 0⤋

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