The cost basis for heirs is raised to the market value on the previous owner's date of death, reducing future capital gains taxes. Residents of states with community property laws or those with ...

He wants to do this by changing the tax rules that allow a "step up" in basis on inherited property. This proposal, along with others designed to increase taxes on the wealthy, is included in ...

What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...

While the most attention has been on a proposed 50% property tax cut moving through the Wyoming Legislature, another bill ...

Get a clear explanation of capital gains tax on inherited homes, including the role of basis, step-up, and exclusions.