As a result, she would have no income-tax consequence — right? — because her original cost basis and her recently deceased spouse’s stepped-up cost basis, plus their combined personal ...

Capital gains taxes can quietly drain your family's inheritance. Here's how to avoid the most expensive mistake affluent ...

A simple estate planning mistake is costing wealthy families millions in capital gains taxes. Learn how to avoid it and protect your heirs from an unexpected tax hit.

A step-up in basis only applies to assets and property held outside of retirement accounts. However, that's really a non-issue because Roth IRA beneficiaries don't pay taxes on qualified ...

Because the amount of capital gain determines the amount of capital gains tax owed, basis step-up is considered one of the most powerful and important tools in the estate and tax planning universe.

SEE ALSO: How AI Can Save Developers From Doomed Nine-Figure Investments A “step-up in basis” can be of great value to a family-owned business as it is a tax provision, which re-evaluates the cost ...

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In the answer you wrote, “Assets in the trust get a step-up in tax basis when the first spouse dies, but not when the surviving spouse dies.” My understanding is that, in California and other ...

but not for estate tax purposes: thus, the uncertainty over the eligibility of the grantor trust assets for the Code Section 1014 basis step-up on the death of the grantor. The uses of ...

What Is the Step-Up in Basis? The step-up in basis is a tax provision that helps beneficiaries lock in the cost basis of assets at the time they inherit them from a benefactor. Many assets such as ...