Taxation of sale of primary residence placed in DAPT in a non DAPT state?
This is not related to IRA. If DPAT is set up and primary residence with reverse mortgage is the asset, should home need to be sold will the individuals $250,000 exclusion still apply? Also, if not sold and trust leaves to trust beneficiaries after death, do the beneficiaries receive the stepped up basis?
Permalink Submitted by Alan - IRA critic on Sat, 2023-11-18 20:51
Sorry, this question is not related to IRAs or any other type of retirement accounts.