alt Hacker NewsIs it not that the gains are unrealized? If they sold the house they would pay capital gains tax?
Replies
Guvante • yesterday at 10:14 PM
Property taxes are unrelated to income tax
fhn • yesterday at 10:39 PM
I'm not a finance person but I think capital gains kicks in if you sell early. Otherwise, just regular taxes?
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They aren't going to sell it, they'll pass it to their children and the cost basis will reset. Their children will then sell it and pay zero tax.