BK>RW>>Got an inheritance when mom passed last fall. It wasn't a
lot, but it wa
BK>RW>>in stocks and mutual funds. Down 10% just in the past
month. If I sell i
BK>RW>>I have to pay inheritance taxes on the entire inheritance with the
BK>RW>>diminished amount. If I let it ride, it's going to go in the toilet,
BK>RW>>especially with Obama giving away the house. Can't decide
whether to sel
BK>RW>>it or let it ride.

BK> TW> Depending on the Stocks and Funds past records it may be
BK> TW> wise to ride it out.
BK> TW> BUT for sure it isa going to get FAR worse before any
BK> TW> turnarround. Particualrly whan Nancy and her team start
BK> TW> "Punishing" the bigger busineses with more TAXES.

BK> Neigher of you have any idea what you are talking about. He said
BK> it "wasn't a lot". If he sells it, and it's less than $2mill as
BK> of 2008, $3.5mill as of 2009, there is no estate tax.

BK> Capital gains is figured on the cost basis of an asset. If the
BK> asset is inherited, the cost basis is the value at time of death
BK> of the original owner. If his stocks and bonds have lost value
BK> then he has a loss, not a capital gain. If he sells them at the
BK> loss, he has a loss he can offset against gains he may make in
BK> investments this year.

What in the HELL is wrong with you BOB. I said NOTHING about either
Inhertance or Capitla Gains TAXES.

What I did imply was that because of the TOTALLY Idiotis actional of
Obama and Nancy things WILL get much worse before any turn arround.
THAT IS FACT you can bet money on.

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 þ SLMR 2.1a þ Typo Tom strikes agaoin