Submitted by ScrollinMyLifeAway t3_11au3xn in LifeProTips
qdoug t1_j9vor2u wrote
Reply to comment by ScrollinMyLifeAway in LPT Request: how can I avoid capital gains tax (20%) on land sold (<$500,000)? by ScrollinMyLifeAway
The stepped up basis need not be children. I think it can be anyone, but there might be restrictions on non-US citizens.
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