“Step-ups” ease the burden of capital gains.
By Barry J. Friedman, CPA
IndustryNewsletters
Basis seems like a simple concept, but as with so many tax issues, it can become complicated quickly when you try to explain it to clients.
MORE: Percentage-Withholding for Clients | New SALT Deduction Limit: What Clients Need to Know | Passwords: How to Beat the Hackers | Supreme Court Wayfair Ruling Sows Confusion – And Opportunity
Exclusively for PRO Members. Log in here or upgrade to PRO today.
This is especially true after the TCJA.