Understanding the Stepped-Up Basis: A Tax Advantage for Inherited Assets

A house transforms from old to new, illustrating the stepped-up basis concept.

At XOA TAX, we often encounter questions about the tax implications of inheriting assets. One key concept that can significantly impact your tax liability is the “stepped-up basis.” This rule allows you to potentially reduce or eliminate capital gains taxes on inherited property. In this blog post, we’ll break down what a stepped-up basis is, […]

Do you wish to continue with the call?

Please provide your phone number and we will contact you within 2 hours

You have successfully submitted your phone number

Please provide your phone number and we will contact you within 2 hours

You have successfully submitted your phone number