capital gains tax
I am a recent widow, need to sell Walmart stock for income. held 30 years can I avoid Capital gains tax as a qualifying widow.
Terry Says
Hurry and sell it now if you need to do so. Under current tx laws, your “cost basis” is the value on the date of your late husband’s death. So there won’t be much of a gain to tax! Congress is looking to change that provision, so don’t procrastinate. And, my condolences.
And, also, be careful when searching for higher yields to invest the proceeds!
