re: Capital Gains at Death

quote:

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Difficulties with establishing basis would be a huge issue if this was the rule.

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Why?

With today's electronic storage of financial data and transactions, it would be easily accomplished especially if the tax rules were clearly communicated so that everyone would know what their responsibility is when they inherit something.

As for as the person who said my idea would make it almost impossible for assets to be sold because of the tax consequences, that, to me, is not as important as today's system which almost forces some heirs to sell assets in order to pay taxes.

Choosing to keep assets is better than forced to sell, IMO.