She Gave the Grandkids Cash for Their Down Payments and Left Them the Stock in Her Will. Done the Other Way Around, the IRS Would Have Collected $120,000 on the Same Two Gifts

AI summary

If you own a taxable brokerage account with shares you’ve bought and held for decades, the tax code has quietly wired a six-figure gift into your estate plan. It’s called the step-up in basis, and the grandmother in the headline used it perfectly: cash to the grandkids for their down payments while she was alive, […]