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So if I am understanding this right, the inheritance gets its cost basis reset. If that's true, then I think we should be attacking the stepped up cost basis i
by Gunax 2y ago
So if I am understanding this right, the inheritance gets its cost basis reset.
If that's true, then I think we should be attacking the stepped up cost basis instead.
- lesuorac 2y agoI don't believe anybody has suggested attacking anything (in this thread). However, I would say the issue with attacking the stepped up cost basis is that it occurs ~50 years into the future. By taking out a loan the value of the stock has been realized for all intents and purposes except for tax. That should be considered the loophole imo (see article).