Category Archives: Carry-over basis

Estate tax vanishes Jan 1: But watch out for capital gains tax

If you thought inheritance taxes were complicated before, just wait for January 1. The inheritance tax is abolished starting January 1. But it only stays abolished until December 31, 2010. On January 1, 2011, the old inheritance tax system returns, except that the amount that is free of inheritance tax changes to $1 million per [...]

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