• Louis DeNicola
• 04 Sep, 2020

While you don’t have to pay an estate tax, you may wonder about taxes involved with selling assets, such as a home, vehicle, stocks, or bonds. When assets are passed on, they receive a “stepped-up basis,” which means their cost basis becomes the asset’s market value at the time of death. As a result, you may have to pay less capital gains taxes if you sell the asset.
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