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Step Up Basis Inherited Property

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Step Up Cost Basis and Inheriting Real Estate

STEP UP COST BASIS AND INHERITING REAL ESTATE The step up cost basis is a way of adjusting capital gains tax. This means that for the purpose of capital gains tax, the IRS re-sets the cost basis of the property to its value when the asset is...

Step Up Basis Inherited Property

<img width="400" height="210" src="https://www.desertareahomefinder.com/wp-content/uploads/2021/07/INheriited-property-Banner-400x210.jpg" class="attachment-medium size-medium wp-post-image" alt="Step Up Basis Inherited Property" decoding="async" srcset="https://www.desertareahomefinder.com/wp-content/uploads/2021/07/INheriited-property-Banner-400x210.jpg 400w, https://www.desertareahomefinder.com/wp-content/uploads/2021/07/INheriited-property-Banner-1024x538.jpg 1024w, https://www.desertareahomefinder.com/wp-content/uploads/2021/07/INheriited-property-Banner-768x403.jpg 768w, https://www.desertareahomefinder.com/wp-content/uploads/2021/07/INheriited-property-Banner-150x79.jpg 150w, https://www.desertareahomefinder.com/wp-content/uploads/2021/07/INheriited-property-Banner.jpg 1200w" sizes="(max-width: 400px) 100vw, 400px" />

Step Up Cost Basis and Inheriting Real Estate

STEP UP COST BASIS AND INHERITING REAL ESTATE The step up cost basis is a way of adjusting capital gains tax. This means that for the purpose of capital gains tax, the IRS re-sets the cost basis of the property to its value when the asset is...

Transferring Property Prior to Death

Transferring Property Prior to Death

Transferring property prior to death could be an unnecessary expense for the would-be heir. Generally, when property is passed through the direction of a will or even a Trust, the heir will receive what is called a stepped-up cost basis. T...