King to White People Twitter@sh.itjust.works · 5 months agoThe wealthyimagemessage-square54fedilinkarrow-up1693arrow-down112file-text
arrow-up1681arrow-down1imageThe wealthyKing to White People Twitter@sh.itjust.works · 5 months agomessage-square54fedilinkfile-text
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up3·5 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.