If you are resident in
Be aware, though, that the disposition of a deceased person’s assets can give rise to tax consequences for the estate. Death triggers a deemed disposition of all assets at market value (i.e. they are treated as if they have been sold), which is then subject to capital gains tax.
This accounting nugget brought to you by Mindy Abramowitz. She’s very smart about all accounting matters, and other stuff too, plus, she’s terrific to work with (trust me. I’m a money coach. You think I’m an easy client for her??) If you want her contact info, ask me!