King@lemy.lol to People Twitter@sh.itjust.works · 11 months agoThe wealthylemy.lolimagemessage-square54fedilinkarrow-up1675arrow-down112file-text
arrow-up1663arrow-down1imageThe wealthylemy.lolKing@lemy.lol to People Twitter@sh.itjust.works · 11 months agomessage-square54fedilinkfile-text
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up3·11 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.