Marener
Diamond Member
- Jul 26, 2022
- 31,122
- 14,270
- 1,473
It really does have more to do with it than you admit. If someone inherits an investment portfolio, those gains are taxed but unrealized.If the proceeds of an estate give the heir a lump some of say $2 million, that can be considered an income — “from any source.”
We can argue against the inclusion of an inheritance as “income.” But as long as it’s presently characterized as income, it is taxable.
That has nothing to do with whether it’s a realized gain. It’s dnits now in my possession and controllable by me, it is realized.
Last edited: