Inheriting an asset grants a step-up in basis, setting cost basis to FMV at death, reducing capital gains tax. Controversy surrounds step-up in basis, as it significantly lowers taxes on inherited ...

What Is the Step-Up in Basis? The step-up in basis is a tax provision that helps beneficiaries lock in the cost basis of assets at the time they inherit them from a benefactor. Many assets such as ...

OMAHA IS LOOKING TO ACHIEVE ONE OF ITS BIGGEST GOALS TO DATE TO HAVE 1000 JOBS IN OMAHA FOR YOUNG INTERNS. THEY HELD THEIR APPLICATION LAUNCH TODAY AND AS KETV NEWSWATCH SEVEN’S WAVERLE MONROE FOUND ...

Forbes contributors publish independent expert analyses and insights. I write about charitable giving and estate planning ideas. Many taxpayers created irrevocable trusts and transferred significant ...