✉news BusinessPersonal Finance first seen 13 h ago, last 3 h ago, peak #17

At 78, He'll Borrow $150,000 Rather Than Sell Stock Held Since the Nineties

Original: At 78 He'll Need $150,000 and Borrow Against the Brokerage Account Instead of Selling Stock He's Held Since the Nineties. The Gain Has Never Been Taxed, and If He Holds On, It Never Will Be

A 78-year-old needs $150,000 and plans to borrow against his brokerage account instead of selling stock he has held since the 1990s. The gains have never been taxed, and by holding on until death he can pass the shares on with a stepped-up cost basis, meaning the gain may never be taxed at all. It's a striking example of how borrow-against-assets strategies let wealthy holders avoid capital gains taxes indefinitely.

Why now: It highlights a widely debated tax strategy that lets long-term investors avoid capital gains tax entirely.

24/7 Wall St.US capital gains tax

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• At 78 He'll Need $150,000 and Borrow Against the Brokerage Account Instead of Selling Stock He's Held Since the Nineties. The Gain Has Never Been Taxed, and If He Holds On, It Never Will Be · 24/7 Wall St.

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