Shining Light on Farm & Food Policy for 20 Years. Tuesday, November 19, 2024

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Daybreak Sept. 14: Dems shield stepped-up basis, but target estate taxation

Farm groups are breathing a collective sigh of relief that congressional Democrats have dropped the idea of taxing capital gains at death, preserving the benefits of stepped-up basis. But many may still need to start talking to their tax advisers about just what’s in the legislation and how it could affect their tax planning.
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