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<p>[QUOTE="SwendiCoin, post: 603942, member: 18768"]If the CPA knows anything about estate taxes, then a CPA will do a whole lot of good. But an estate planner might not be a bad idea. As I read the op's question, it appears to be an issue with the basis and the computation of income taxes. The CPA should be able to help here. As I said in my earlier post, the basis is the value of the coin collection on the day of death. If the $70K value is the value on that day, then that is the basis. The only exception that I know of is with the alternate date of valuation, but professional help is needed to see if that can apply here.[/QUOTE]</p><p><br /></p>
[QUOTE="SwendiCoin, post: 603942, member: 18768"]If the CPA knows anything about estate taxes, then a CPA will do a whole lot of good. But an estate planner might not be a bad idea. As I read the op's question, it appears to be an issue with the basis and the computation of income taxes. The CPA should be able to help here. As I said in my earlier post, the basis is the value of the coin collection on the day of death. If the $70K value is the value on that day, then that is the basis. The only exception that I know of is with the alternate date of valuation, but professional help is needed to see if that can apply here.[/QUOTE]
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