Tag: step up in basis
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Step-Up in Basis: The $1M+ Tax Gift You Might Be Overlooking
We talk a lot about building wealth. We don’t talk nearly enough about how to keep it as it moves from one generation to the next. If you’ve spent the last twenty or thirty years building a real estate portfolio or holding onto a concentrated stock position, you are likely sitting on a massive “paper…
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Step-Up in Basis: The $1M+ Tax Gift You Might Be Overlooking
If you’re sitting on decades of real estate appreciation, there’s a legal reset button in the tax code that can make your children’s entire capital gains bill disappear. It’s called a Step-Up in Basis — and most families aren’t using it correctly.
