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In the US and most places, you are only liable for capital gains tax on realized gains. The shares have to change hands before a tax is due.
by prottog 4y ago
In the US and most places, you are only liable for capital gains tax on realized gains. The shares have to change hands before a tax is due.
- WalterBright 4y agoWhen you die, the value of the stock at time of death gets whacked by inheritance tax, which is 40% at the federal level and 20% at the state (in Washington) level.