Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of RIBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of RIBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd

The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Personal Finance / Retirement Investing
Unthreaded | Threaded | Whole Thread (10) |
Author: Rubic ✧  😊 😞
Number: of 1355 
Subject: Re: Transferring assets to the next generation
Date: 05/15/25 9:50 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 3
<< I know on my death they would all get the stepped up basis. do you know if that is also true from gifting ? Logically they should as the day value is the gift value...?

My nieces and nephews assume my original cost basis upon the gift transfer and
will pay capital gains taxes upon the eventual sale of their shares -- which is
why I provided them each of them with documentation for my original purchases.

By transferring directly between Schwab accounts, my cost basis will be
logged in their accounts, which is perhaps a minor convenience for them.

The assets they will eventually receive through inheritance (in the US)
won't be taxed.

-Rubic
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to Rubic here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 1,284 posts about Retirement Investing. The article-length ones it recommended most:
The Case for Long-Term Buy and Hold Investing · 49 recs · 2025
Transferring assets to the next generation · 20 recs · 2025
Retirement Year 8 · 17 recs · 2025
(nearly) year one of retirement has been good · 11 recs · 2026
Buying Treasuries Via Vanguard · 10 recs · 2023
Unthreaded | Threaded | Whole Thread (10) |


Announcements
Retirement Investing FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of RI | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community