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Glossary Definition

What is a Stepped-Up Basis?

When you inherit an asset, such as real property, your basis in the property is increased or “stepped-up” to be equal to the fair market value of the asset as of the decedent’s date of death.

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Read the latest tax planning thought leadership from Corvee.

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Tax Planning Strategies

Our team of tax experts has scoured tax rules and regulations to create detailed tax strategies you can use to find savings for your clients.

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