A new strategy
posted on
Aug 18, 2015 01:08PM
It's not so funny, but lately I've been thinking I'll hold on to my stocks (I was planning on it anyway because of the large loss) another plan hit my brain.
Keep the stock and sell if I could be so lucky and could breakeven or make a profit, but if not keep the stock as part of my will for my chldren. At least they could sell the stock and take a write-off against any capital gains or if they happen to make a lot of money and owe a large amount of taxes, theycould offset that amount.
That way I don't lose and they win, I THNK THAT IS LEGAL, anyone know for sure? Perhaps they would use the present value of the shares in determining the amont in the will and therefore you have a breakeven at the time of transfer.
Any help ?