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  2. Ask an Advisor: $5 Million Windfall - How Should My Kids ...

    www.aol.com/ask-advisor-kids-inherited-5...

    My children have inherited $5 million of stock from their father (whose estate has not yet been dispersed after 11 months) leaving them with a 30% or so loss of value over which they have had no ...

  3. What Is the Cost Basis of Inherited Stock? - AOL

    www.aol.com/news/cost-basis-inherited-stock...

    However, the stepped-up rule only applies to inherited stocks (and other financial securities) passed on from a deceased’s estate, not gifts or irrevocable trusts made before the death.

  4. Inheritance Tax: What It Is, Who Pays and State-Specific Rules

    www.aol.com/much-inheritance-tax-rates-limits...

    The amount of tax charged for an inheritance tax depends on the amount of the inheritance and the beneficiary’s relation to the deceased. Inheritance Tax vs. Estate Tax

  5. Stepped-up basis - Wikipedia

    en.wikipedia.org/wiki/Stepped-up_basis

    The primary purpose for the stepped-up basis rule under IRC § 1014 is so that, for estates without exemptions to the federal government's estate tax on transfers of wealth at death, the estate's assets are taxed only by estate taxes and not also on the capital gains during the decedent's lifetime.

  6. Inheritance tax - Wikipedia

    en.wikipedia.org/wiki/Inheritance_tax

    An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. [1] However, this distinction is not always observed; for example, the UK's "inheritance tax" is a tax on the assets of the deceased, [ 2 ] and ...

  7. Estate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Estate_tax_in_the_United...

    Inheritance taxes are paid not by the estate of the deceased, but by the inheritors of the estate. For example, the Kentucky inheritance tax "is a tax on the right to receive property from a decedent's estate; both tax and exemptions are based on the relationship of the beneficiary to the decedent." [52]

  8. Do I Pay Taxes Automatically If I Inherit Property? - AOL

    www.aol.com/finance/capital-gains-inherited...

    An inheritance is a windfall that can absolutely help someone's financial situation -- but it can make your taxes tricky. If you inherit property or assets, as opposed to cash, you generally don ...

  9. Wealth tax - Wikipedia

    en.wikipedia.org/wiki/Wealth_tax

    A wealth tax (also called a capital tax or equity tax) is a tax on an entity's holdings of assets or an entity's net worth. This includes the total value of personal assets, including cash, bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses , financial securities , and personal trusts (a ...