Complete avoidance of a capital gain tax occurs when the owner of appreciated property transfers it by death.

Name: Complete avoidance of a capital gain tax occurs when the owner of appreciated property transfers it by death.
Brand: Quizplus
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When the owner of appreciated property transfers it by death, the property receives a "step-up" in basis to its fair market value at the time of the owner's death, effectively avoiding capital gains tax on the appreciation that occurred during the owner's lifetime.

Complete Avoidance of a Capital Gain Tax Occurs When the Owner