Posted 12/5/2012 13:51 (#2734408 - in reply to #2734394) Subject: RE: Whoa.... Down boy,,,,, down......
Central Illinois
You say the unrealized gain is never taxed. The value gets written up as it passes thru the estate but it is all subject to being taxed at the rate after jan 1 of 55% on estates over a million. If you gift it to a trust or to kids to avoid the estate tax then the cost basis stays with the asset and will get taxed upon liquidation. The value at time of death is what gets taxed at death not origional cost.
Thoughts on all the talk/complaining about taxes/estate tax on here.
