Hey dad, is it true that you have over a million dollars in capital gains from your Apple stock? Yep, and I have some. Over my dead body. Okay, enough with the sarcasm. No, really, over my dead body. Once I die, you can have all of it. And you won't have to pay any capital gains taxes on any of it. Isn't that called tax evasion? Nope. The day that I die, all of the capital gains will get reset to zero. This is called cost-basis reset. You sell the stock for its current market value. You keep all the gains tax-free. Wow, who taught you this? I just follow Social Cat. He makes complex finance seem easy.

Explore effective strategies around capital gains taxes, including cost-basis reset and tax implications, derived from a simple conversation about Apple stock.