Tag: General Finance

Posted on 01/03/2021
Financing with a Credit Union
Image by Pete Linforth from Pixabay Property buyers today may think of a credit union as an alternative form of lending and ultimately meant for people who don't fit the stereotypical borrower. But this assumption may a little unfair once you learn the facts. Credit unions present several unique opportunities that you simply won't find anywhere else. We'll...
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Posted on 12/06/2020
What Is Step-Up Basis?
Image by Steve Buissinne from Pixabay Suppose you’ve inherited your parents’ longtime home. Suppose they paid $100,000 for it, and it’s now worth $300,000. Had they sold it while it was in their possession, they would have avoided paying capital gains tax due to the Taxpayer Relief Act of 1997. Now that it’s yours, has that tax avoidance...
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