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The Significance of Stepped Up Basis in Estate Planning IRC 1014

The Perturbing New Treatment of Patents Under the Tax Cut & Jobs Act (TCJA)

According to Internal Revenue Code Section 1014 the basis of property acquired from a decedent is the fair market value of the property at the date of the decedent’s death.  In an environment of inflating asset prices this usually means that the

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Posted in Basis, Cost Basis, Death, Estate Tax, Generation Skipping Transfer Tax, Gift Tax, Tax planning, Trusts
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