re: Will Biden admin negatively affect IRA’s or Annuities money

quote:

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What does that mean?

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Currently when someone inherits stock from the deceased, their cost basis for tax purposes is bumped up to what they received the stock as.

So if your dad has 100 shares of Company X that he bought for $10/share, and when he dies you inherit the stock at $100/share - your cost basis for tax purposes is $100/share. What the poster is saying is he thinks this will go away, and thus you would inherit the stock at a cost basis of $10/share. I don’t really know one way or the other if this is on the horizon, just offering an explanation