Personal Investments • Stepped up cost basis

If you wanted to keep an inherited position, there’d be no reason to sell it, convert it to cash and then re-buy it.

But there’s generally no reason to hold a newly inherited publicly traded security if you wouldn’t have bought it to begin with. Many keep individual stocks because dad said never to sell. Not a good reason in my way of thinking.

Statistics: Posted by Leesbro63 — Fri Aug 23, 2024 6:46 pm — Replies 7 — Views 694

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