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2. Do I Pay Taxes Automatically If I Inherit Property? - AOL

   www.aol.com/finance/capital-gains-inherited...

   Sale price ($500,000) - Stepped-up original cost basis ($500,000) = $0.00 taxable capital gains On the other hand say that you hold the house for a year, during which time the price of this house ...

3. Stepped-up basis - Wikipedia

   en.wikipedia.org/wiki/Stepped-up_basis

   Under IRC § 1014(a), which applies to an asset that a person (the beneficiary) receives from a giver (the benefactor) after the benefactor dies, the general rule is that the beneficiary's basis equals the fair market value of the asset at the time the benefactor dies. This can result in a stepped-up basis or a stepped-down basis.

4. What Is the Cost Basis of Inherited Stock? - AOL

   www.aol.com/news/cost-basis-inherited-stock...

   Whether you inherited the stocks through a brokerage, will or trust, calculating the cost-basis stays the same. However, the stepped-up rule only applies to inherited stocks (and other financial ...

5. Ask an Advisor: How Can We Avoid Capital Gains Tax on a ... - AOL

   www.aol.com/ask-advisor-were-inheriting-house...

   But there’s a major caveat for inherited property. When you inherit a property, your cost basis is “stepped-up” to the property’s fair market value at the time you inherit it. Generally ...

6. Capital gains tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Capital_gains_tax_in_the...

   Under the stepped-up basis rule, [8] for an individual who inherits a capital asset, the cost basis is "stepped up" to its fair market value of the property at the time of the inheritance. When eventually sold, the capital gain or loss is only the difference in value from this stepped-up basis.

7. Carryover basis - Wikipedia

   en.wikipedia.org/wiki/Carryover_basis

   The same rule applies for calculating a loss, unless the donor's adjusted basis is greater than the fair market value of the property at the time of the gift. [4] In this case, the loss does not carry over and the basis is the fair market value of the property at the time of the gift. [5]

8. Capital Gains on Inherited Property - AOL

   www.aol.com/news/capital-gains-inherited...

   These capital gains taxes are then calculated using what’s known as a stepped-up cost basis. … Continue reading → The post Capital Gains on Inherited Property appeared first on SmartAsset Blog.

9. The Gifting Strategy That Could Help You Avoid Estate Taxes - AOL

   www.aol.com/upstream-gifting-help-avoid-estate...

   The strategy revolves around the step-up in basis that’s given to assets inherited by heirs. The idea is to reverse the flow of an estate's valuable property from going "downstream" – to ...