The Step-Up in Basis Playbook

You just inherited a brokerage account, and the statement shows decades of growth. So who owes tax on all those gains: you, the estate, or no one? For most beneficiaries, the answer is surprisingly good news, but only if you understand the rules and act wisely. This book is for anyone who has inherited investments, expects to, or helps a family member through it.

Inside, you'll discover how the step-up in basis can wipe out years of embedded capital gains overnight, and why that benefit has limits. You'll learn how holding periods work for inherited assets, when selling makes sense and when holding does, and how to rebalance a lopsided portfolio at minimal tax cost. You'll also see how estate tax rules, spousal variations, and retirement accounts fit into the picture.

What sets this guide apart is its plain-English, story-driven approach. Complex tax law becomes friendly analogies, worked examples, and practical takeaways you can use right away. Each chapter builds toward a clear playbook, so you can protect your records, avoid costly mistakes, and make confident decisions about your inheritance.