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Non-Tech : Kirk's Market Thoughts
COHR 164.26+6.7%Nov 28 9:30 AM EST
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To: Kirk © who wrote (5546)2/22/2018 2:11:13 AM
From: Brian Sullivan  Read Replies (3) of 26641
 
When you die does the cost basis on California real estate get reset to the current market value, like what happens with stocks. If so that’s a pretty sweet tax dodge, for the next of kin.

I am dealing with my fathers Estate and from talking with Vanguard I learned that for each stock position owned at the time of death, I can choose from three options for the new cost basis.
1 Keep the original cost basis
2 Change the cost basis to the price on the date of death
3 wait for 6 months and change the cost basis to the price at that time (6 months after date of death)
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