EstateThe step-up in cost basis can significantly reduce capital gains taxes on inherited assets.This little-known rule can dramatically cut taxes on inherited property. mojo cp/ShutterstockJavier Simon3/16/2026|Updated: 3/16/20260:00If you are inheriting property such as a stock portfolio or real estate, you may benefit immensely from the step-up in cost basis rule.Some even call it a tax loophole, but it was made possible by Section 1014(a) of the Internal Revenue Code.
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Friday, May 1, 2026
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