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URL:  http://boards.fool.com/ira-thanks-for-the-quick-reply-i-guess-that-23693348.aspx

Subject:  Re: Tax On Inheritance Date:  2/12/2006  8:26 AM
Author:  SaintTimothy Number:  83840 of 121572

Ira - thanks for the quick reply.

I guess that this is just another fluke in the US tax code. For inheritance of stocks or real estate, the heir gets a stepped-up tax basis and pays no taxes, but this apparently doesn't apply to annuities.
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