Internal Revenue Service
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Nov 2, 2023 by John Gagliardi · said 5 times in 4 episodes since 2022 · across every show →
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2024 3 mentions in 2 episodes 2 per episode
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Nov 2, 2023 neutral
Gagliardi: Inherited assets receive step-up basis, eliminating capital gains if sold immediately
“If you die, your descendants, or whoever you're donating your money to, they'll inherit your assets... It's tax-free because they can get the cost basis on the day of your death. So essentially, if they sell on that same day, it's a tax-free capital gain, and …”