Mulvaney Law Offices, PLLC

Taxes

Federal Step-Up in Cost Basis

One of the most powerful — and underappreciated — benefits of passing appreciated assets at death rather than giving them during life.

Note: Christopher S. Mulvaney is not a CPA and cannot give tax advice. This page is for general educational purposes only.

Scrooge McDuck kissing money — the step-up in cost basis lets your heirs keep more
The step-up in basis: your heirs inherit the gain, not the tax.

Related Tax & Planning Pages

›Federal Estate & Gift Tax›Federal Capital Gains Tax›WA State Estate Tax›WA State Capital Gains Tax›WA State Step-Up in Cost Basis›Transfer on Death Deeds

Want to Maximize the Step-Up Benefit for Your Heirs?

Schedule a free Zoom consultation with Christopher S. Mulvaney, Esq. — serving all 39 counties in Washington State.

Schedule a Free Zoom ConsultationOnline Intake Form