The Seller's Guide: How Step Up Cost Basis Works
/You may have heard of something called "step up cost basis". Well, what exactly is it and how does it work? This is what happens when you inherit property that is now valued way above its original purchase price. The value is adjusted on a cost basis to raise the asset to fair market value. So, if you've been fearful of facing major capital gains taxes, this is good news to you! Check out my latest video below for the full run down regarding this:
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