Tax Playbook · Investment tax wins
The step-up at death
At death, an heir usually starts with the asset's value on that date. If stock cost $20,000 but is worth $100,000 at death, the old $80,000 gain can escape capital-gains tax. This is current law and only works at death, and Congress could change it.
Good for: Families planning what they will leave behind.
Learn the basics
Recent articles & guides
- Fidelity: Cost basis for inherited stock
- Investopedia: Inherited stock
- Milvid Law: Step-up in basis guide
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Educational summary, not tax advice. Limits and rules change — confirm current law with your tax adviser.