With the federal estate tax exemption at historically high levels, most family farms are no longer at risk of paying federal ...

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 ...

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 ...

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 ...

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 ...

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