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View Poll Results: Should the remove the estate tax or the death tax?
estate tax 0 0%
death tax 0 0%
both 2 100.00%
Voters: 2. You may not vote on this poll

 
 
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Old 06-20-2021, 11:38 AM
icedwards icedwards is offline
Sarnak

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Join Date: Apr 2015
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Quote:
Originally Posted by Blingy [You must be logged in to view images. Log in or Register.]
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.
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.
 


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