Capital assets like real estate, a business, and/or stocks and bonds receive a step up in basis at the death of the owner.
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With regard to the step-up cost basis six-month alternate valuation date: Must a federal estate (inheritance) tax return be filed to qualify for that option?
What if you are added on title to your parents house and they pass. How do you calculate the step up basis if any? Are there still capital gains to be paid? Thanks
Why would you not want to live in the house where you grew up?
Whatever you did with your sound this week, please continue doing it! Last week's video had almost no sound at all.
Hans, this video is an excellent resource. Thanks for posting on this topic
If I inherit a rental property that has been fully depreciated (27yrs) .. Do i get to start a new depreciation deduction based on present value.. for next 27 yrs?