SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Wind River going up, up, up!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: the hube who wrote (1586)7/22/1997 2:20:00 PM
From: JB   of 10309
 
$10,000.00 to anyone.

I think Alan meant that a person can gift $10,000 to a multiple number of people on a tax free basis per year. In that way a husband and wife can each gift $10,000 to lower the estate by $20,000 a year. So a couple with 5 children can lower their estate by $100,000 a year.

You are correct when you say that the cost basis becomes the basis for capital gains on the date of death. Holding the stock till death is a better choice when your entire estate is worth less than $600,000 as an individual or $1.2 million as a couple. That is the maximum that can be shielded by estate taxes (less any gifting you have done). Anything over this amount might be taxed up to 55% so it might make sense to gift it away.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News