AFAIK (not a lawyer or accountant)
If you inherited this year and sold this year, then the your cost basis would be equal (effectively) to your sale value, and you would not show a profit and therefore wouldn't owe tax.
If you inherited 10 years ago when a T206 Ty Cobb was $500 and sold it now for $10,000, you would owe tax on a profit of $9,500.
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PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
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