Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 181.67

+2.4%

Dec 5 9:30 AM EST

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To: Brian Sullivan who wrote (5562)	2/22/2018 12:52:11 PM
From: lizardK	of 26720

Brian, Yes, cost basis of real estate that is inherited gets reset to current value. I experienced that 5 yrs ago when remaining parent passed away and estate was distributed. Sold the family house purchased in the 1950's for 25K and sold 2013 for 1.9M... NO TAX to estate for cap gain.

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