Level 11
02-18-2023
07:45 AM
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@BobKamman Agree 100%
@irena for 2022 you should continue as in the past. That ship has sailed. Moving forward the properties should be deeded to the son. In 2023 you can handle the sale or gift of the fathers interest.
As for the benefit of a stepped up basis that an heir receives… you can’t have your cake and eat it too.
If at first you don’t succeed…..find a workaround