while states that don’t recognize this form of ownership are generally called common law states.** A unique basis step-up rule applies to married couples who own community property. It provides ...

With the new administration in office, discussions around potentially eliminating the step-up in basis are gaining momentum.

Understanding and applying the basis step-up rule can significantly cut heirs' tax liabilities. Investor Alert: Our 10 best stocks to buy right now › Key findings are powered by ChatGPT and ...

But one particular tax issue — the "step-up basis" — sits at the center of their hemming and hawing. It has to do with how, when Americans sell assets like stocks or bonds, they pay a capital ...