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Farm life protection from the top.
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<blockquote data-quote="boondocks" data-source="post: 1476589" data-attributes="member: 20599"><p>Good point, and under the new law, it's actually the first $22,000,000 or so that's exempted (for a married couple; half that for singletons).</p><p>And no one who's in favor of the new law has addressed the issue of the stepped-up basis. They just keep saying it (the gain) was already taxed (but it was not. That's the whole point of the stepped-up basis).</p></blockquote><p></p>
[QUOTE="boondocks, post: 1476589, member: 20599"] Good point, and under the new law, it's actually the first $22,000,000 or so that's exempted (for a married couple; half that for singletons). And no one who's in favor of the new law has addressed the issue of the stepped-up basis. They just keep saying it (the gain) was already taxed (but it was not. That's the whole point of the stepped-up basis). [/QUOTE]
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