Inheriting an asset grants a step-up in basis, setting cost basis to FMV at death, reducing capital gains tax. Controversy surrounds step-up in basis, as it significantly lowers taxes on inherited ...

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

the estate tax and stepped-up basis upon death. Question: I am planning to gift my son $100,000 this year. Do I have to pay federal gift tax on this? Joy Taylor: It is unlikely that you will have ...

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 ...

If that asset is inventory, however, the IRS charges income tax on the profits. When a buyer acquires the assets of a business in an asset sale, he receives a "step-up" in basis. This means the ...

the estate tax and stepped-up basis upon death. AI Goes To School The Kiplinger Letter Artificial intelligence is rapidly heading to K-12 classrooms nationwide. Expect tech companies to cash in on ...

Rachel Reeves has been accused of “making up numbers” in the spending review after setting out questionable policies that ...

This is an audio transcript of the Unhedged podcast episode: ‘What makes Tesla run?’ ...

As the US and China lead a new dual-track world, India must adapt quickly and move boldly, with US reshoring likely to ...