That way, if one spouse dies, the whole house will get a step-up in basis.
UBS, says that three-year callable step-up bonds and capital-protected equity funds are currently in vogue.
Additionally, due to a decrease in inventory step-up, GAAP gross margins saw a slight increase this quarter.
You may be elderly and your heirs will get a step-up in cost basis at your death.
FORBES: Capital Gains Tax is an Economic Monkey Wrench (2012)
Until this year—and again next year under current law—heirs received a step-up in basis along with their inheritances.
Step-up means heirs can sell assets immediately with no capital gains tax due.
But Ford says 10, 000 Focus owners defect to other brands each year because it doesn't offer an attractive step-up model.
Expect high, largely undisclosed, fees and underperformance related to the portfolio—all of which mean the charity will have to step-up fundraising.
The expression of interest provides an unexpected ally for the ICRC in its bid to step-up activities in infrastructure financing in the country.
The attractive white 'buds are packaged in a plastic case that's quite similar to the enclosure that Apple introduced with its previous-gen step-up set.
Its really been hitting on all cylinders since its founding, and it just got a term sheet for a great step-up into its new round.
As such, after a meager step-up, those inheriting property would be subject to recognizing a gain on said property and subject to capital gain tax.
FORBES: The Secret Tax Double-Whammy No One Is Talking About
In Wisconsin, Democrats are already promising to step-up recall efforts.
But if you leave your house in your estate, it will get a free step-up in basis to its value as of your date of death.
If an estate opts out of the federal estate tax for decedents who died in 2010, the step-up in basis in assets for income tax purposes is limited.
FORBES: IRS Issues Extension for Form Not Yet Available (Thanks?)
Our nation needs serious people to step-up during serious times.
In fact, Congress repealed step-up once before—in 1976.
FORBES: Throw Momma From Her Private Jet--Not From The Train
That means they turn into future capital gains, taxed either much later (when the investor sells the shares) or never, if it winds up in his estate and enjoys the capital gains step-up at death.
But if the exec had changed the titling of the stock after moving and before her husband's death--say, by putting the stock in a joint account with right of survivorship--she would have lost that valuable community property step-up.
应用推荐