I will stand corrected that the RECEIVER uses the cost basis of the GIVER... and not the "stepped up" cost on the date of the transfer. So Erik is absolutely right about that. My mistake.
There are other stepped up cost basis transfers -- and I confused those when posting. We've been in these discussions for weeks now - and there's a lot to take in.
Let's not get off on an estate planning tangent in "investing 102" -- I was just trying to respond to the OP question about how to help your kids out.
Thanks for catching that Erik!!
Last edited by GregWeld; 12-26-2011 at 02:47 PM.
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