Real estate values must generally be substantiated ... ownership are generally called common law states.** A unique basis step-up rule applies to married couples who own community property.

real estate, and other capital assets to their heirs when they die without paying capital gains tax. He wants to do this by changing the tax rules that allow a "step up" in basis on inherited ...

But instead of leaving a piece of real estate ... post ‘Upstream Gifting’ Can Help You Avoid Estate Taxes and Preserve Your Stepped-Up Basis appeared first on SmartReads by SmartAsset.