Home » Information Technology Terms Dictionary » Stepped-up Basis

Definition Of Stepped-up Basis:

Tax provision for inheritances that allows the tax basis to be determined by the market value at the time of the benefactor's death, as opposed to the market value at the original time of purchase.
This provision is still applicable under some circumstances, depending upon the value of the objects.

Other Definition Of Information Technology Terms:

Structural Capital
Stylized Facts
Subjective
Substructure
Summary
Syllogism

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