Tax strategy that keeps you from selling land could make it easier for heirs to sell after you're gone. What farm families ...

Q: My wife and I own two real estate properties. We plan on leaving those properties separately to our two sons when we pass. We would like to make sure that we minimize any related federal taxes ...

The so-called “step-up in basis” rule is a crucial aspect of U.S. tax law that can significantly affect the taxation of inherited assets. This provision, which is codified within the Internal Revenue ...

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 ...

Landowners should review titles and communicate with heirs about how their land titles impact stepped-up basis calculations.

Editor’s Note: IRS Revenue Ruling 2023-02 clarifies that the basis adjustment rules under Section 1014 generally do not apply to the assets of an irrevocable grantor trust that is not included in the ...

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 ...

In today’s Living Akamai segment, John spoke with Kay Mukaigawa of Engel & Volkers Honolulu about an important topic in real estate and estate planning: cost basis and the stepped-up basis rule. Kay ...

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, ...

The Gazette offers audio versions of articles using Instaread. Some words may be mispronounced. Just as the Republicans demagogued the federal estate tax issue, it appears that they are trying to do ...

What is the step-up benefit of a revocable trust from the perspective of the beneficiaries? How can a revocable trust not only pass money and assets to your beneficiaries but save a substantial amount ...