Quote:
Originally Posted by Blingy
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Can we add in capital gains from inheritance? When my grandparents died my mon got close to $100k so not even close to the $11M being tossed around here. So while she paid no death/estate tax she did fork out a massive amount in capital gains.
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There is no capital gains on inherited cash/securities, with the exception of inherited IRA or 401k accounts (which haven't been taxed previously when held by the deceased). If your mom inherited $100k in securities or real estate that appreciated to $100k+X (between the time of death and sale), she would only pay capital gains on the $X amount.
That's the last of my free wealth management advice for you nerds.