Under IRC §1014, property included in your estate receives a basis equal to fair market value at death. This means all appreciation during your lifetime is never taxed as capital gains for your heirs. If you sell during life instead, you pay tax on the full gain. For elderly sellers with highly appreciated property and short projected holding periods, the tax savings from holding until death often far exceed carrying costs.
From the seller playbook: Estate Planning Integration
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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