Boone & Crockett - 9/22/2020 10:05
neukm - 9/22/2020 11:00
jonas grumby - 9/22/2020 09:49
please explain how death is a taxable event if the person dying is not over the death tax exception limit. Please explain how the capital tax rate is an issue unless the heir sells.
Because Biden/Harris are proposing to change it so that the transfer of the asset is taxed as capital gains with no stepped up basis.
Edit: without selling
Neukm is correct in his assessment. I had posted on this very subject a month or 2 ago warning what a Biden win would do for your estate.
Isn’t there a minimum amount that is a pretty healthy number that would be untaxed?