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They should not charge cap gains on the estate, since that'll force sales of illiquid assets which is not good. They just have to not allow the resetting of the
by fighterpilot 5y ago
They should not charge cap gains on the estate, since that'll force sales of illiquid assets which is not good. They just have to not allow the resetting of the cost basis of the assets. It's a very simple fix.
- novok 5y agoI was more implying when the estate sells something, you charge the original basis of cap gains tax when they try to pay off its debts by liquidating, but illiquid forced asset sale issue is also a good point.