Q: I have a silver bullion certificate held by a brokerage company that is TOD to my daughter.
Will she have any tax liability if she sells on the same day she takes possession
A: If your daughter sells the silver bullion certificate on the same day she takes possession, she generally would owe capital gains tax only on any increase in value from the time she takes possession to the time of sale. However, the specifics can vary, so it would be wise to consult a tax advisor.
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