4 ms·
Ah, the best of all tax loopholes, _death_
by kristjansson 5y ago
Ah, the best of all tax loopholes, _death_
- jcheng 5y agoIt really is a tax loophole though--for capital gains, the basis is reset upon transferring to your heirs. https://www.investopedia.com/terms/s/stepupinbasis.asp https://www.investopedia.com/terms/s/stepupinbasis.asp https://www.peoplestaxpage.org/buy-borrow-die https://www.peoplestaxpage.org/buy-borrow-die
- kristjansson 5y agoYes, the joke being that it's sort of hard to personally recognize the benefits of the loophole. Basis step up should be eliminated though. I can't see any economic justification for it.