Tax basis on inherited property – The Burns Firm – Advisors of Complex Financial Matters

There’s a Favorable “Stepped-Up Basis” If You Inherit Property

May 4th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Inheritance, Services, Tax, Tax Advisor, Tax Basis, Tax Deductions, Tax Planning, Tax Preparation, tax preparer near me, The Burns Firm|Tags: cpa near me, Property Inheritance, Stepped-Up Tax Basis, tax, tax advisor, Tax Basis, Tax basis on inherited property, The Burns Firm|

A common question for people planning their estates or inheriting property is: For tax purposes, what’s the “cost” (or “basis”) an individual gets in property that he or she [...]