✉news BusinessPersonal Finance first seen 11 h ago, last 4 h ago, peak #17
Selling Stock Late in Life Triggers Capital Gains, Inheriting Avoids It
Original: Sell $400,000 of Stock at 78 to Simplify Things for the Kids and the Capital Gains Bill Is Real. Leave It to Them Instead and the Entire Bill Disappears
A personal finance point is drawing attention: an investor who sells $400,000 worth of stock at age 78 to simplify matters for their children owes real capital gains tax on the sale. If they instead leave the shares to the heirs, the entire tax bill disappears, thanks to the step-up in cost basis at death. Commenters are weighing whether holding on for tax reasons outweighs the simplicity of selling now.
Why now: The stark tax difference between selling appreciated stock and leaving it as an inheritance is striking and widely relevant to older investors.
Rank over time, top of the chart is #1. 6 snapshots from 11 h ago to 4 h ago.
Evidence
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