E135 What Does Stepped Up Basis Mean?

Does the IRS ever give us a break? Yes! Stepped-up basis is a great example. So make sure you know about it and how to use it! I'll explain “stepped-up basis” in 3 steps: What are capital gains What is Basis Why stepped-up basis is the HUGE tax break IRS gives us And lastly, I’ll tell you the BIG mistake DIY “estate planners” make that can cost them tens, even hundreds of thousands in taxes ========== READ Pick up my books on Amazon. Reviews always appreciated! ========== JOIN Sign up to my email list for book announcements ========== WATCH Subscribe to my YouTube channel ========== LISTEN Subscribe to the “Simple Money Wins” podcast at: iTunes: https://apple.co/2XvtoVz Google Play: http://bit.ly/2XRWDRK Stitcher: http://bit.ly/2Xuct5A Spotify: https://spoti.fi/2XMDYa3 iHeartRadio: https://ihr.fm/2JwhDnV ==========