So client who’s 90yo, networth roughly 1M and declining health. Accountant called with client saying client has 40k in carry forward losses and he wants me to realize 40k in gains so the losses aren’t wasted if client passes. While I agree the losses would be wasted if client passes and the gains would be offset by the losses I do not see the benefits. In NY the beneficiary would get a step up in basis and wouldn’t have to pay taxes anyway and by using up the carry forward losses now she’s can’t deduct 3k against her ordinary income every year. So to realize gains just to realize gains I don’t get. Accountant is experienced and more knowledgeable on tax topics than myself I’m sure. What am I missing?