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Avoiding Capital Gains Taxes with Stepped-Up Cost Basis on Inherited Property

YouTubeGilfix Law

Avoiding Capital Gains Taxes with Stepped-Up Cost Basis on Inherited Property

One effective strategy to avoid capital gains taxes is to hold property within an estate until the owner's passing. Upon death, the property receives a stepped-up cost basis, resetting its value to the market value on the date of death. This allows heirs to sell the property with little to no capital gains tax liability, a common oversight in ...

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