Step - Up In Basis At Death - Tax Insights Podcast
The step up in basis at death rule says that when someone dies, most of their assets receive a new tax basis and holding period. The new tax basis is the fair market value as of the date of death, regardless of the original purchase price. \n\nThis podcast covers what you need to know about the step up in basis at death and how these provisions impact far more people than just the rich.\n\nHawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses, and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota. \n\nListen to more of the Tax Insights Podcast at hawkinsashcpas.com/cpa-hq/podcast/