4 ms·

No because inheritances can have stepped up basis. It may never be taxed.

• toast0 7y ago
  The basis step up on death is a byproduct of going through the estate tax. Yes, for the vast majority, the estate tax is $0, but it's not untaxed.
  • anotherman554 7y ago
    The first 11.4 million of an inheritance would be untaxed.
    • toast0 7y ago
      It's taxed, and the rate is $0. If it were untaxed, like when the estate tax expired, you wouldn't get the step up in basis.