Bloomberg News: “60,000 Americans who the U.S. Congress’ Joint Committee on Taxation thinks will be caught in a novel tax trap. Those who inherit estates worth more than $1.3 million this year face an expensive quandary caused by the repeal on Jan. 1 of the 94-year-old federal estate tax . . . . Under a little-noticed twist, these people will owe capital-gains taxes if they sell assets they inherit.”
Death Tax II – Survivors Face a New Challenge
By On the Net|2011-05-18T15:34:36-07:00May 11th, 2010|
About the Author: On the Net
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