Post #24707 by onepoorguy on the US Policy board

If someone appears to be repeatedly personal, lean towards patience as they might not mean offense. If you are sure, however, then do not deepen the problem by being negative; instead, simply place them on ignore by clicking the unhappy yellow face to the right of their name.

- Manlobbi

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I'm sure it won't happen. But, conceptually, it seems fairly simple. Step-up the basis every year, and tax the amount of the step. If it's a step-down, then they can write off the loss (as if they realized the loss).

Again, it will never happen. But it seems pretty straightforward. I agree that it would be more difficult for the Beatles' catalog than for Buffett's stock portfolio (or similar equities or investments). Maybe even intractable. But the stock and bond markets are quite doable, in principal.

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