Jennyo – please make sure you spend some time with an accountant on the tax implications of this. Inheiritance, cap gains, cap losses – its complicated. Better to know going in that after the fact. This forum is no place for tax advice – you never know who is telling you stuff.
I am under the impression that you could take capital losses in one year to offset capital gains in future years. Again – I’m not sure about that, but make sure you ask a real accountant, OK?
