12 ms·
It seems to me that the loan loophole could be closed simply by not readjusting capital gains basis upon death.
by ahepp 2y ago
It seems to me that the loan loophole could be closed simply by not readjusting capital gains basis upon death.
- johngladtj 2y agoThe adjustment is to compensate for the estate tax that takes a far higher amount than the capital gains tax. Up to 40% of assets.
- NavinF 2y agoIt also accounts for the fact that 60 year old investments don't have any documentation for cost basis. It's long forgotten
- HDThoreaun 2y ago27 million is completely untaxed. Beyond that you can use trusts to avoid the estate tax.