LogFAQs > #972863344

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Topic	Stock Market General #49
CE_gonna_CE 04/15/23 3:42:27 PM #142:	Gamingsince1989 posted... My understanding is that if I sell them, it goes based on the value of the shares the day that he passed away. If I sell them for higher than that price I pay capital gains on any profit, or if I sell for less than that value I can show it's a loss. I don't have to pay any inheritance taxes on it though. This is correct. Step up in basis. Applies to real estate, stocks, pretty much any asset class --- https://gamefaqs.gamespot.com/boards/1531-food-delivery-services-general <cite>CE_gonna_CE posted [p:972863344] in Stock Mark... [t:80378016]...</cite> <quote>Gamingsince1989 posted... </cite><quote>My understanding is that if I sell them, it goes based on the value of the shares the day that he passed away. If I sell them for higher than that price I pay capital gains on any profit, or if I sell for less than that value I can show it's a loss. I don't have to pay any inheritance taxes on it though.</quote>This is correct. Step up in basis. Applies to real estate, stocks, pretty much any asset class --- https://gamefaqs.gamespot.com/boards/1531-food-delivery-services-general</quote> ... Copied to Clipboard!
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