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No problem, just bequeath the asset to your heirs and the gains disappear.
by tantalor 5y ago
No problem, just bequeath the asset to your heirs and the gains disappear.
- gruez 5y ago...but then you have to pay estate tax.
- tantalor 5y agoonly morons pay the estate tax
- fallingfrog 5y agoNo, you don’t. https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-the-estate-inheritance-tax/ https://americansfortaxfairness.org/tax-fairness-briefing-bo...
- gruez 5y agoNot really. If you want the step-up basis, it has to go through your estate. If you do it through some sort of trust you lose that. There's a 11M exemption for estate tax, but for someone like jeff bezos he's probably not saving much using that.