Heir Gains Tax Question on Inherited Stock
The columnist explains that when stock is inherited its cost basis is reset to the death date market value or the value one year after death. If the heir sells at a higher price, gains tax applies only to the new difference, not the original appreciation, though estate taxes may apply.
MENTIONED IN THIS ARTICLE
Sidha Tek
Salen Bros
Saturn Ind
Bilder Ai
Lernerstr
Savoy Industri
Vevitths
Dorroliv
Dorroliv Pla
Dorsey
Lockemig Ca
Sealectro Co
Driver Harr
New York
Lockman
Seeman
Kaley Co
Aa — Logistics
Jet
SelasCorp
Wesser
H Louis Sherry
Cary Ate
Seton
Shahmeen
Itn
Wat Scheib
Shelby Wb
Hastadey
Lund Elec If
Acrojet
I Lyne Corp
Sigmannsi
Siboney ‘Corp
Acronca Inc Aerosoly
Eastin
Tay
Eckerd
Alrpax
Eckmar
Macoid
Jax
Edo Corp
Silvray
Mallory Ran
Simkins
Alaska
Eleor Corp
Eleor
el Hose
SkagsDrg
Gia
Ms Marlene
Im Dats
Skyline Co
Asn
AllezCorp
Dix Vie Elect Assist
Ie Marley
Ae SexCorp
Sonder Bird
Allied Paper Mw
Allison
Idas MW Electron
Masco Cp
Soss Mig
AlloyUnl
El-Tronies
Balasid Son
MaulBros
Emery
Altamil Cp
Vaie — Sip Equity Cp
Svih MaxsonEl
Alcoa
Ertc Forge P Lsat
McCror
Ero Indust
Isa — Ameen Inc i Ib i Esgré Inc A
Sou Heal&Ut
We Am
Memco
al i Essex
Merrill Isl Su
Spencer Shoe
Ets-Hokin Cp
Sid Allian
Am Petr
Evans Ar
Asafekn
Executne
AmesUstr
We — Hs Microdot Inc
Microwave
Ga Ag
MidWa
Daume
Midwest
Thomson
Ant. Andersn
Milgo_ Elect
Famstech
Milo Elee
Mohwk
MoKanTex Ct
Stepan Chem
Stephan Co
APL Corp
Federals Inc
Abe
Stern
Moog Inc
Sterncolnd
Apollo Indust
el Pd
AppPw Pfa
Struth W
Stylon Corp
Nia
Sunair
Argus
Atklgas
Mn Mavielle
Va Arrow Arkpl Alec Hht
Ischer P
Supmt Gn
Tieisher
Nae
Arwood Arinde
Ava
Fishman
Murr
Tata
Asamera Oil
Dwt
Fla
Bos
Ford
Swanee Pap
Ta Companies Invest Group
AssdFuSt
Mn Forest Cit
NEW York (Ap
Aaisa
Syntex Cp
Assdui & Giaq — Va Franks Nn
Frontier Air Front
Nat Allala
Dealers, Inc
Aten Chem
Fur Wolf
NatBell_ Hess Aly
Snecuritien Ivest
Bath Soha
Bowlomat
Johnson
Atintte Co
Me National Co
Research
Atlas M
Aberdeen
Aus
AtlasCorp
Gale
Wai
Teleflex
AVC Corp
Lta Nts
Needham
CA Corp
NestleLe
Aa Te Telex Corp Il Wa
Newark
Iss
Ife
BakerlIn
NewPark Mn
IBM
Loomis Sayles
Ana BaldMon
Bali Co
Tonka Corp Jay Pav
Toolfisch
Manhin
Banner Indus
Ah Genunys
Rae
Ao Tits
Barn Yell
Indust
Transcon
Bartell
Trans
Capit Inc
Moodys
Bartons
Gilbert Sysay Wile
Nytronic
Morton
Baruch Fest
Glasrock
Gryth Haya
GleenGerita
Pn Ya Channing Fun
Ohia Brass
Bergen Ibsh
Gluckin
Mat
Berkes
Bi Goldblatt
Okonite
OKC Cp
Incom
Mat Trust
Beth Cp Jor
Win
Goldtien
War Am Old Tows
Nat Wsec
Goomway Inc
Ona Ind
Achem Fd
Nat Invest
Gord Jy
Citadel
Ce Ser
Birdborn
Mite
Gorham
Orginala
Asan Albishop
Oxford el Ae
ZAM
Prsik Tah
Bonanza Air Ohack
Aly Oxford
Toif Grwih
Incom GI
Botany Ind
Beaty
Ozark Air
el Com&t
SG Bowling Corp
Bowmar
Nat West
GTI Corp
RY Mi & Stock
Invest
Gwarten
Ein Guerdon
Pac Air Line
Ima
Concord
Cnn
Brit Pot
ANG Bia Xis
Philand
Digrim
BrkPerk ii
HPG
UnivCigr
Brenka
Pioneer
Trownf Brwnfb
Ag Univ Mar
Broce Epi
Bok Harnischir
Data oAhy
Pae Indus
Utah
TAL Puritan
Utnam Fund
Bundy
Harvard Ind
Ty DowTh
Ieorg
Nia Varo. Inc
Revere Hutlerish
Ag Heinicke Inst
ABSA
Ims
Mernitra
Atprise
Scudder
Bulte Gas Oil
Faebra Heller of Heller
Bole Bel
Elec
Victoren
Viewlex
C&a
Rte
Penn
Vocaline
Man
TGR
Caleoin
Philips Elect
Camphm
Homeoa Va
Philip Ind
Tate St
Can So Pet
Toma
Phillip
Hormel
Griduil Wa Td
Piaseeki_ Aire
Fletcher Mien
Roe Funds Cro
Vie Hosking
Pierce G
Ig Founders
Hubbels
Pioneer Plas
I Warner
Oursq
Weiman Co
Franklin
Hugh Hat
Westales
Castlea Nt
Westby Fasha Uta
Util Gebl
Texas Fd
Castleton
Ind
Hayel
Ind Am
Twent Inc
COL Orp
Wha Im
Gen Invest
United Funds Cclcp
Hygrad
IMC
BOTA
Charter Oil
Wilson Dros
Wariow Fils
Wilson Ph
Aly
Preston
Ty Inc
Inland Credit
Inc
West Ind
Intercon Ind
Wa Va
Woodall
Ita Mat Iy
Pricofal Ph
Winfield
E Wool Ltd
Wiscon
Conia
Pyle
Robun
Wright Harg My
Roy Jia
WrandInd
Cole Natl
Wyle Labs
Coleman
My Vis
Quebes
Quebes Lith 442 11-16 8% M3 Weomisse .60 Wh 1114. Iy Cominca
Cojan Ind
Ma Xtra Inc
Nols
Asen- Caml
Ah Bay Islam Corp
Azale Corp
Ida Vindacksn
Hs Rand Company
Dion Foods
Madeann Glass
UG Oh Ba
Ate
Asenciated
Fos Dawn
Mba Jelkyel
Condes Corphi
Vetronic India
Connelly
Conroy
Jupiter Cp
Redm Corp
Bankers Trust
Redman Ind
ConUound
Redwing
Buckbee Mears
Con Leasing A
K— Reeves Breal Wy
I Chemical Bank ConNisha
WA Aby Kaiser Ind
Au Reeves Ind
Alefi
Kane Miller Ranch
Ratz Dru
Ash Ya Reserve
Wud Data Products
Meligih
Cot Corp
Farrington
Glens Falls
Insur
TIM Sa Ric Group
Hud Pulp & Paper
Cresimont
Kewanee
Uy Richford
Crown
Crate Fonics Inc
Crown Pet
Jarrell Ash
Crown Drig
Thay Kingsford
Bull
Lilly Eli B
Cubic Cares Waban U
Kissell
Kirby
Acom
Catter Curtla
Klein Pt
Roblin
Magic Chef
Kleinert
Rockower
Midland Capital
Snail
Doe
New Eng
Gas
Indus
Rowland Pd
Hk Laigion
Ak Roxbury
My la Maur
Dake Shore
Royal Amer Ass
New. York
Salen
N.Y
Sean
RoyBusn
Ik LaPointe
Royal Indust
State Bank of Albany
Roy Schoo
Trawlers Insurance
Ruaseks Tae
Nk Carreras
Ryan GC Pet Ak
Union Nat Bk
Wayne George
Elec Mim
Q. T
Doyle
Rubbish Fire at River Street Doused by Firemen
Firemen were called to the rear of 562 River Street near Van derheyden Street about 1 30 p m yesterday to extinguish a rubbish fire.
MENTIONED IN THIS ARTICLE
River St
Vanderheyden Street
Judge Quinn calls for police living wage and overhaul
Schenectady and Canton reports show Judge William J. Quinn, Democratic candidate for the 4th Judicial District Supreme Court, urging a complete overhaul of police salaries equipment and training. He said living wage is needed to attract and retain officers and to meet stricter Supreme Court policing standards while raising funds for better tools and education.
MENTIONED IN THIS ARTICLE
Schenectady
Willam J. Quinn
Supreme Court
4Th
Salares
Quinn
St. Lawrence University
Canton
U.S. Supreme Court
VA Benefits Increase in 29th District For 1967 Act
Congressman Danie E Button announced that veterans and dependents in the 29th Congressional District, including Troy, will receive about 788,590 in VA benefits over the next year. The increase reflects the 1967 Veterans Pension and Readjustment Assistance Act with a cost of living pension raise. About 5,790 constituents will gain roughly 325,000 in added benefits, plus 163 veterans will receive 37,990 in readjustment assistance and education benefits for 1,647 veterans and dependents totaling around 424,790 in the first year.
MENTIONED IN THIS ARTICLE
Troy
Veterans Administration
Danie E. Button
Johnson
Button
Also Mentioned on This Page
American Stock Exchange
The
Daily Investor
William A. Doyle
William J. Quinn
Ike
Menands
Othe
John J. Kellett
Williams Tire & Rubber Co., Inc
Fourth St
Tmber Auto Industries Highway Safety Committee