Should death eliminate taxes? A conversation about carryover basis with Kathleen Thomas episode artwork

EPISODE · May 4, 2022 · 36 MIN

Should death eliminate taxes? A conversation about carryover basis with Kathleen Thomas

from Tax Chats · host Dyreng and Hoopes

Send us Fan MailScott and Jeff discuss the idea of carryover basis with Kathleen Thomas. Currently, when someone dies with appreciated capital gains, they get a step-up in basis, meaning their estate pays no taxes on their accumulated gains. The downside is they have to die. An alternative would be to carryover the basis the the person who died had, which would make many tax planning strategies more difficult.

Episode metadata supplied by the publisher feed · Published May 4, 2022

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Should death eliminate taxes? A conversation about carryover basis with Kathleen Thomas

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