There’s Currently a “Stepped-up Basis” If You Inherit Property – But Will It Last?
Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.
Take Advantage of a “Stepped-up Basis” When You Inherit Property
If you’ve inherited assets or you’re planning your estate, it’s crucial to understand the fair market value basis rules (also known as the “step-up and step-down” rules). That way, you won’t pay more tax than you’re legally required to.