Quote:
Originally Posted by Johnny630
So what’s better for your family? Dying with the cards and passing them on through an estate or selling them prior and gifting the money to them?
Seems like if they’re in your will to be passed down croaking with cards is a better tax situation for your heirs.
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I don't follow your logic. $50K or cards or $50K of cash, how are they treated differently for tax purposes? If you sell the card ten years later for $60K, you have to declare the $10K profit. Same if you invest $50K in a fund and you sell those shares later for $60K, you have a profit of $10K
I guess it would be easier to sell the cards and not declare anything. Also a lot more work.