Wait until you hear about inherited stock... https://www.investopedia.com/terms/i/inherited-stock.asp https://www.investopedia.com/terms/i/inherited-stock.asp

Wait until you hear about inherited stock... https://www.investopedia.com/terms/i/inherited-stock.asp https://www.investopedia.com/terms/i/inherited-stock.asp Say the stock you borrow against was purchased at $10, and is now worth $100. That's a $90 increase. You get hit by a bus and die. The stocks cost for tax purposes is increased to $100 for the heirs, meaning that $90 increase is not taxed as a gain (not sure about how it's tax as inheritance).