Taxes Involved When Inheriting

[@jordanzhou4915]

Great educational video! Very impressed by your solid knowledge in this field.

[@peter8235]

Great info and very well explained - thank you! Does the step up in Basis also apply to investment property or just the primary residence?

[@hannybahna1403]

Thank you so much Paul ! Great information 🙏

[@mlee1308]

So generous with your knowledge. Thank you so much Paul.

[@Mary-t4z2k]

I understand that property inherited from an irrevocable trust is handled differently and the stepped up basis is lost so capital gains would be calculated using the original purchase value (plus improvements). Is that accurate?

[@susancowlishaw2434]

Do the inherited IRAs that you spoke of (around 18 minutes into the video) have to be established prior to the father's death or can those inherited IRAs be established after the father passes?

[@nellomichi6416]

after

[@Phoenix_Enterprises]

As it was explained to me...death tax...50% on the estate....then they nail you for another 50% inheritance tax...pretty simple.

[@geppettocollodi8945]

Come to the point. Too many redundant words. Ciao, gone.