Inherited real estate faces capital-gains nightmare

Get an appraisal to establish new stepped-up basis
Published on Jun 1, 2004

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by CareyBot

DEAR BOB: I read with great interest your recent item about stepped-up basis on inherited property. My father-in-law recently passed away. My mother-in-law intends to stay in the house, which was built by her father in 1923. Should we at ...