King@lemy.lol to People Twitter@sh.itjust.works · 10 months agoThe wealthylemy.lolimagemessage-square52fedilinkarrow-up1673arrow-down112file-text
arrow-up1661arrow-down1imageThe wealthylemy.lolKing@lemy.lol to People Twitter@sh.itjust.works · 10 months agomessage-square52fedilinkfile-text
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up3·10 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.