I’ve been reading about 1031 exchanges and how you can basically roll over tax liability to future properties. The advantage of this is once you die, your beneficiaries inherit your property with a new step up basis and all prior taxes owed are gone.
Can you do this with a large retirement account or brokerage account? Does this fall into the inheretance tax argument? I believe the estate tax is around $5 million but does that include property too including 1031s?
Submitted August 28, 2018 at 12:28AM by phaskellhall https://ift.tt/2BS6bCm
