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How does the "step up" of the cost basis happen with paying any taxes at the same time?
by ant6n 5y ago
How does the "step up" of the cost basis happen with paying any taxes at the same time?
- darawk 5y agoI'm not sure I understand the question. The assets in your estate get their cost basis reset to the current market value when your estate is passed on. That means the capital gains in his shares disappear. That being said, the estate tax would kick in for everything over 11m, so he'd have to use other tricks to work around that limitation.
- ant6n 5y agoThere was a typo, with->without