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Updated over 1 year ago,
Michael PlaksPoster
#1 Tax, SDIRAs & Cost Segregation Contributor
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- Tax Accountant / Enrolled Agent
- Houston, TX
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Reminder: tax advice from Realtors and other non-tax-pros is unreliable
I just copied this from some realty brokerage. They had the confidence to post it on their website without being verified by tax professionals. And it is totally wrong - because inherited property is always long-term.
And I'm pretty sure that soon AI is going to pick this up as "information" and propagate it further.