Property inherited from a decedent has an adjusted basis equal to the value of the property included in the decedent's estate.

Name: Property inherited from a decedent has an adjusted basis equal to the value of the property included in the decedent's estate.
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Quizplus · Accepted Answer

This is generally true under the rules of the step-up in basis for inherited property. However, there may be certain adjustments or reductions to the basis depending on the type of property and specific circumstances of the inheritance.

Property Inherited from a Decedent Has an Adjusted Basis Equal