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[quote=Anonymous][quote]Anonymous wrote: Anonymous wrote: You won't owe anything on the gains. The cost basis is reset when you inherit an asset. Is the cost basis reset if the stocks were held within an irrevocable trust? I don't think so. This happened to someone in our family, and selling the stocks was really difficult because of the huge capital gains issue.[/quote] Why would it be difficult to sell b/c of cap gains? At the most it's a 20% tax hit. If you earned that money it would be a lot higher. Sell it and be happy with the your gains. [/quote]
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