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Oh my gosh, well yeah there are disadvantages

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cintrix Member Level  Thursday, 04/13/17 11:21:35 AM
Re: bar1080 post# 4724
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Oh my gosh, well yeah there are disadvantages - which are obvious. Advantages are that the cost basis becomes whatever the stock is on the date of your death, not what you paid for it. So if you had a very large gain your beneficiaries would only have to report a gain/loss based on what the stock was on the date of death.

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