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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Other reader comments on this item

Title By Date
IRS Valuation [75 words]DLNApr 24, 2013 18:11
↔ The above ruling I suspect also applies to stamps and other denominated items as well. [26 words]LyleApr 24, 2013 21:55
Jim [17 words]Jim HodgeApr 24, 2013 15:06
I suspect the IRS is looking for someone to prosecute on this. [121 words]LyleApr 24, 2013 13:39
⇒ Tax from every angle [54 words]TheMoomintrollApr 24, 2013 12:45

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