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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: fishweed who wrote (7521)11/22/2001 10:02:54 PM
From: orkrious  Read Replies (1) | Respond to of 99280
 
I believe they're deemed sold at time of death for value purposes and the estate is responsible for any taxes due on the capital gain

That is incorrect. There is a "stepped up" basis at time of death. New cost basis is value date of death or I think six months later.

[edit] oops, I see already corrected


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