What is a Step Up In Basis? California Trusts Attorney

A "Step Up In Basis" is probably the best and biggest tax break the IRS code allows. Normally, when you sell an asset that has appreciated in value, you pay what is known as a capital gains tax. But, for assets that are inherited, the IRS has a special rule, called the “step up in basis.”
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[@arnurakhmetov4246]

Quite understandable! Thank u