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Registered
Join Date: Mar 2007
Location: Santa Barbara, CA
Posts: 513
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Here is my understanding of how this works. If the stocks were in an inherited IRA, then she won’t pay capital gain tax now if she sells. If they were not in an IRA, the cost basis of the stock will be reset to the date of the family members death.I think this is termed as “stepping up the basis”. I’m sure others can explain this better than me.
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Hugh Lindberg
1972 911
1970 Alfa Romeo 1300 GT Junior
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