qdoug t1_j9vor2u wrote on February 24, 2023 at 10:03 PM 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. Permalink Parent 1
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.