Assertion: inheritance | /r/CapableOf | receive stepped-up basis
Facets:
Source sentences:
text: Fortunately, the long-term capital gains tax rate is typically kinder than the tax brackets that individuals are subject to on their incomes, and inheritances qualify for the long-term rate.﻿﻿ Plus, your inheritance receives a "stepped-up basis" to the date of the decedent's death as well.﻿﻿