REG: Basis of Assets — Inherited Property Stepped-Up Basis Explained
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REG: Basis of Assets — Inherited Property Stepped-Up Basis Explained
Studying for the REG section? This video covers Basis of Assets under Federal Taxation of Property Transactions, focusing on inherited property basis and the stepped-up basis rules under IRC §1014. Learn why fair market value at date of death applies to inherited property and how it differs from gifted property basis under IRC §1015. Master ...
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