What is Step Up in Basis

Welcome to our KZbin channel where we dive into the intricacies of financial planning and estate management. In this video, we demystify the concept of "What is Step-Up in Basis?" Understanding step-up in basis is crucial for estate planning and navigating the complexities of taxes, particularly capital gains.
Step-up in basis, also known as stepped-up basis, plays a pivotal role in tax planning, especially in the context of capital gains. Join us as we explain step up in basis at death and unravel the nuances of how it impacts estate taxes. Discover the significance of cost basis, and gain insights into the implications of long-term capital gains tax.
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• What is Step Up in Basis