How Is Inherited Property Valued For Taxes?

Описание: Understanding how inherited property is valued for tax purposes is crucial for beneficiaries. This video breaks down the complexities of valuing real estate or other assets passed down, ensuring you're prepared for potential tax implications.

In this insightful guide, you'll discover:
► The concept of 'step-up in basis' and how it impacts inherited property's value.
► How fair market value (FMV) at the date of death is determined for tax calculations.
► The distinction between inheritance tax and estate tax, and how valuation plays a role.
► Strategies for minimizing capital gains tax when selling inherited assets.
► Key considerations for beneficiaries navigating the tax landscape of inherited property.


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