There’s currently a “Stepped-Up Basis” If You Inherit Property — But Will It Last?

August 19th, 2021|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Preparation, Tax Return, The Burns Firm|Tags: , , , , , , |

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. The current rules Under the current fair market [...]