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A comment on Tax details of US super-rich allegedly leaked. Parent comment

Re:Tax details of US super-rich allegedly leaked by refurb on Wednesday June 09, 2021 @01:32AM (#27444547)
This is not how it works. You don’t write off secured debt loses when you die all the while passing on billions of assets.

I swear people just make things up to try and prove their point.

[ Parent | on HN ]
Re:Tax details of US super-rich allegedly leaked by CTmystery on Sunday June 13, 2021 @11:30PM (#27498982)
I wouldn't mock the parent so quickly. See page 24 here for the game that's being played: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3242314

Particularly the section "Stepped-up Basis on Death (Die)"

[ Parent | on HN ]