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Old 12-16-2004, 05:16 PM   #516
Mmmm, Burger (C.J.)
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smoke & mirrors

Quote:
Originally posted by ltl/fb
No, no, no they won't. They get a tax-free step-up in value. The gain isn't recognized.
True, except that under the current estate tax repealer, it also repeals the step-up in basis. If death is irrelevant, then there's neither a realization event nor a step-up.
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