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Community: Investing Wiki

Term Of The Hour

inherited property basis: Original post by Wilhelm Schnotz of Demand Media The executor pays any estate taxes associated with a home before you inherit it. http://photos2.demandstudios.com/DM-Resize/photos.demandstudios.com/getty/article/83/248/78400835.jpg?w=700&h=700&keep_ratio=1 Brand X Pictures/Brand X Pictures/Getty Images Although most taxpayers are familiar with the basics of income taxes – you pay…

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