MATCHING:
-An increase in the income tax of appreciated property, which is valued on the date of the donor's death or the alternate valuation date

Question

Quizplus · Accepted Answer

The correct answer is "stepped-up basis," which refers to the readjustment of the value of an appreciated asset for tax purposes upon inheritance. The asset's basis is increased to its fair market value at the time of the donor's death or an alternate valuation date, potentially reducing taxes on the sale of the asset by the beneficiary.

MATCHING: -An Increase in the Income Tax of Appreciated Property, Which