Advantages of Step-up Basis
Advantages of Step-up Basis Step-up basis is a tax rule that allows heirs to inherit property at its fair market value at the time of death of the decedent, rather than the original purchase price.
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Property Inheritance
Property Inheritance Stepped-up basis is an incredible benefit to people who inherit property. Not only do they receive the property itself, the basis or cost value of the property becomes the fair market value at the time …