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Basis and Step Up Basis explained simply by a tax expert... property, collectibles, cars, etc.
Step-up in basis can reduce taxes on inherited assets depending on your state. Community property vs non-community property rules may create very different outcomes. Watch full episode: https://youtu.be/xjO1cn4PokI #StepUpInBasis #TaxPlanning #EstatePlanning #InheritedProperty #TaxTips
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