What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...

Receiving property when someone dies can come with unexpected financial burdens, particularly taxes like estate and inheritance, and capital gains tax, which applies to the profits made from selling ...

Stepped-up basis: You’ll benefit from a step-up tax basis when inheriting a property. That means on the date of the inheritance, you’ll inherit the property at the fair market value (FMV), but you’ll ...

Inheriting a home can be both a gift and a challenge. Alongside the emotional weight of loss, you might also face tough financial decisions, especially if you plan to sell the property. One of the ...

I noticed this tweet from a wealth adviser: “The greatest perpetuator of U.S. wealth inequality is the stepped-up basis rule. Basically, when you die, all the capital gains on your assets (home, ...

With the recent increase of the 2026 federal estate and gift tax exemption to an unprecedented and astounding $15 million per person (a whopping $30 million for married couples), the necessity of ...

Financial Q&A | How does the step-up in cost basis work with inherited money and property?