Legal loophole may let widow sell home tax-free

'Stepped-up basis' a sweeter alternative to 1031 exchange
Published on Aug 30, 2006

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by CareyBot

DEAR BOB: My mother-in-law was recently widowed at age 60. She is considering a move from her primary residence. She will owe capital gain tax on the sale and wishes to eliminate such tax. Could she move out of the ...