King to People Twitter@sh.itjust.works · 11 months agoThe wealthyimagemessage-square54fedilinkarrow-up1694arrow-down112file-text
arrow-up1682arrow-down1imageThe wealthyKing to People Twitter@sh.itjust.works · 11 months agomessage-square54fedilinkfile-text
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up3·11 months agoYup, estate tax uses stepped up basis, and fed tax is taken out first, so every other debt will use the post-tax amount.
Yup, estate tax uses stepped up basis, and fed tax is taken out first, so every other debt will use the post-tax amount.