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

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

   In general terms, cost basis is the original price you paid to purchase something. In this case, it’s the purchase price of an asset like a stock and it’s adjusted for anything that impacted ...

3. 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 ...

4. All About the Stepped-Up Basis Loophole

   www.aol.com/loophole-reduce-heirs-taxes...

   Stepped-up basis is a tax provision that allows heirs to reduce their capital gains taxes. When someone inherits property and investments, the IRS resets the market value of these assets to their ...

5. Capital gains tax in the United States - Wikipedia

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

   Inherited property. Under the stepped-up basis rule, 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.

6. Cost basis - Wikipedia

   en.wikipedia.org/wiki/Cost_basis

   v. t. e. Basis (or cost basis ), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When a property is sold, the taxpayer pays/ (saves) taxes on a capital gain / (loss) that equals the amount realized on the sale minus the sold property's basis. Cost basis is needed because tax is due ...

7. Stepped-up basis - Wikipedia

   en.wikipedia.org/wiki/Stepped-up_basis

   General rule. 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.

8. How do you calculate cost basis on investments? - AOL

   www.aol.com/finance/calculate-cost-basis...

   The total cost of this purchase is $1,000 (50 shares x $20). This becomes your cost basis. A few years later, you decide to sell all 50 shares when the price has risen to $30 per share. The total ...

9. How Does the IRS Verify Cost Basis? - AOL

   www.aol.com/finance/does-irs-verify-cost-basis...

   The post How Does the IRS Verify Cost Basis? appeared first on SmartReads by SmartAsset. The IRS expects taxpayers to keep the original documentation for capital assets, such as real estate and ...