3 ms·
I think that's good and correct. The inheritor hasn't had any capital gain. Because the deceased never sold, they didn't either.
by abstractbarista 5y ago
I think that's good and correct. The inheritor hasn't had any capital gain. Because the deceased never sold, they didn't either.
- singron 5y agoIf the inheritor somehow has no capital gain, shouldn't the entire basis be taxed as income instead? E.g. if I win a car in a contest or get paid in stock for working, I have to pay income tax on the current value when I receive it.