Tax from every angle
Reader comment on: The American Eagle Estate Tax Tactic
Submitted by TheMoomintroll (United States), Apr 24, 2013 12:45
The only caveat to the scheme is, once the heir decides to sell the coin, he must declare the difference between $5 estate value and the market value as gain and pay tax on that. Typically, such gain tax would be deferred and at a lower rate. But the action is not tax free.
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