Step-up in basis is used to calculate tax liabilities for inherited assets.
What exactly does "Step Up in Basis" mean? Certain assets and investments can avoid capital gains taxes if held until death. So, be careful with gifting assets! Watch this video to learn more.
We always suggest connecting with a great financial team so they can help reduce your confusion and tax liability as your wealth grows! They are well worth the investment.
We can tell you how much money you'll need to stay on that steak diet in retirement. Schedule a 15-Minute call with us so we can calculate your retirement number for you!
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Nelson Elder Care Law, LLC is not affiliated with Avantax Wealth ManagementSM