Nov 10, 2025 · What Is a Step-Up in Basis? Step-up in basis is a tax provision that adjusts the cost basis of an inherited asset to its fair market value on the date of the previous owner's death.

The tax code of the United States holds that when a person (the beneficiary) receives an asset from a giver (the benefactor) after the benefactor dies, the asset receives a stepped-up basis, …

What is a step-up in basis? A step-up in basis occurs when an heir inherits an asset, according to the Code of Federal Regulations. When ownership of the asset passes from the deceased to …

Jul 1, 2025 · The step-up in basis is a valuable tax benefit for estate planning, letting your heirs reduce or eliminate capital gains from the assets they inherit after your death.

May 29, 2025 · What is step-up in basis? According to Section 1014 of the Internal Revenue Code, if a person holds property at death, it will receive a new basis equal to the fair market …

Apr 25, 2025 · Learn how the “step-up in basis” rule can help heirs avoid capital gains tax when they inherit certain assets.

The step-up in basis provision adjusts the value, or “cost basis,” of an inherited asset (stocks, bonds, real estate, etc.) when it is passed on, after death. This eliminates the capital gains tax …

Dec 29, 2025 · Understanding Stepped-Up Basis in Real Estate Navigating the financial aspects of an inheritance can be complex, especially when real estate is involved. One of the most …

Dec 22, 2025 · Stepped-up basis can be a powerful tool to consider when putting together an estate plan, as it may provide beneficial tax treatment to assets received by your clients’ …

When it comes to estate planning, the stepped-up basis can be a powerful tool for reducing capital gains taxes and preserving wealth for future generations.