cryptohamster on Nostr: The No Tax is incomplete and US specific. In the US all your shares are revalued for ...
The No Tax is incomplete and US specific. In the US all your shares are revalued for tax purposes when you die.called the step-up provision.
So the heirs don't inherit your capital gains, but they do get the capital. Without this No Tax is just Less Tax with a deferment that costs money to create and could go either way.
Published at
2024-02-21 10:10:53Event JSON
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"content": "The No Tax is incomplete and US specific. In the US all your shares are revalued for tax purposes when you die.called the step-up provision.\n\nSo the heirs don't inherit your capital gains, but they do get the capital. Without this No Tax is just Less Tax with a deferment that costs money to create and could go either way.",
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