When a Loved One Passes - Income Taxes - Part One

He is a returning guest to Insight on Business the News Hour and this time Bruce Schmiedlin, CPA is in to talk about income tax implications. In this first segment he'll discuss the myths that surround the issue, the vocabulary you need to know, what "basis" means, some examples of value and when and who you need to notify about the death of a loved one. And, to help you better follow along here is a link to his talking points so you can review when you have time.