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Technology Stocks : Intel Corporation (INTC)
INTC 36.20+0.1%3:59 PM EST

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To: deibutfeif who wrote (141552)8/14/2001 12:45:56 PM
From: GVTucker  Read Replies (2) of 186894
 
debutfeif, RE: I think that depends on how its titled (JTROS or Common Property) and state of residence, and then only if the heir is your spouse. Doesn't work for non-spouses.


I'm not a tax accountant, but I am pretty sure that is in error. Anything that is subject to the estate tax is subject to the rule on stepped up basis. I think that you're confusing the rule on the exemption from estate tax (which indeed only works for a spouse) with the rule on stepped up basis, which has nothing to do with spouses.

More applicable here is Duke of URL's point on the relative tax rates of capital gains vs the estate tax.
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