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| Sounds like he has had very little income, so I bet he owes nothing, probably missed out on a pile of tax credits. Looks like Maines estate/inheritance tax starts at 6.8 million, federal starts at 13.6 million, so owes nothing there. The land and maybe the even the stocks will get a stepped-up basis when his mom dies so he could possibly cash it all in and not owe a thing. If I was him, I wouldn't be worried. | |
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- Interesting Tax Question,, - MaineFarmer : 5/5/2024 15:49
- RE: Interesting Tax Question,, - Morningdew : 5/5/2024 16:24
- RE: Interesting Tax Question,, - deflep : 5/5/2024 16:51
- RE: Interesting Tax Question,, - pointrow : 5/5/2024 16:51
- RE: Interesting Tax Question,, - dittfarms : 5/5/2024 16:56
- RE: Interesting Tax Question,, - povertypoint : 5/5/2024 17:44
- RE: Interesting Tax Question,, - ronm : 5/5/2024 18:46
- RE: Interesting Tax Question,, - Little papa : 5/5/2024 18:57
- RE: Interesting Tax Question,, - 99MAX : 5/5/2024 19:06
- RE: Interesting Tax Question,, - hydro70guy : 5/5/2024 19:10
- RE: Interesting Tax Question,, - SamT : 5/5/2024 19:46
- RE: Interesting Tax Question,, - r82230 : 5/5/2024 20:01
- RE: Interesting Tax Question,, - mid mn : 5/5/2024 23:43
- RE: Interesting Tax Question,, - Jeff in ND : 5/6/2024 08:16
- RE: Interesting Tax Question,, - ac45 : 5/6/2024 14:45
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