Capital Gains Tax on Inherited Assets | AllLaw
https://www.alllaw.com/articles/nolo/wills-trusts/capital-gains-tax-inherited-assets.html
The Tax Basis. To understand capital gains tax, you must understand the concept of tax basis. The "tax basis" of an asset is the value that's used to calculate the taxable gain—or loss—when the asset is sold. Usually, the tax basis is the price the owner paid for the asset. For example, if you bought a house for $100,000, your tax basis ...
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