Step-Up in Basis Explained: What is Stepped-Up Cost Basis?

What does it mean to have a step-up in cost basis on an appreciated asset? (An appreciated asset could be a stock, bond, mutual fund, etc. that has gone up in value) For estate planning purposes, how is the gain on the asset taxed for the beneficiary? Pete Keller, CFP® of Pure Financial Advisors walks through stepped-up basis for beneficiaries, for spouses where the asset is held as joint tenants with rights of survivorship, and for spouses where the asset is held as community property.

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Видео Step-Up in Basis Explained: What is Stepped-Up Cost Basis? канала Your Money, Your Wealth