When an appreciated asset is inherited from someone who has died, and the asset’s cost basis is adjusted to fair market value as of the date of death. Relates to equity.
« Back to Glossary IndexStep-Up in Basis
by bsmith@carofin.com | May 29, 2024
When an appreciated asset is inherited from someone who has died, and the asset’s cost basis is adjusted to fair market value as of the date of death. Relates to equity.
« Back to Glossary Index
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