Quote:
|
Originally Posted by 34saving
I'm a big time NON-EXPERT in this area but nationaladademies.org (after a Google search) had this to say and it kind of agrees with what I think I know:
"
STOCK
When inheriting stock (or other real property) which has increased in value, your heirs receive the benefit of a “step-up” in the cost basis of the asset. In effect, all the gains amassed during the your lifetime are free from capital gains tax. Thus, your heirs receive the full value of $100,000 worth of stock.
|
But the inheritance itself still falls under estate taxes...where as the IRA is different. I'm not an expert at the "death tax" yet (coming too soon for me too, katwoman) but I would look into it.