Published On Mar 16, 2023
Did you know that you are able to wash away the taxable appreciation in an asset that you give to another person in your death?
This is called a Step-Up in Basis!
How does this work?
The tax laws allow you to take an asset that has appreciated and move the original cost basis to the fair market value.
That means BIG savings!
Here’s an example of what this looks like…
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