06/02/2026
Did your family buy a Bay Area home decades ago that’s now worth millions? 🏡📈 Ignoring the "step-up in basis" rule could cost your heirs hundreds of thousands in unnecessary capital gains taxes.
When you inherit a property, the IRS resets its tax value to its fair market value on the exact date of the owner's passing—potentially dropping your taxable profit to $0.
But the IRS won't accept a Zillow estimate or an old Prop 13 tax bill. You need a certified, retrospective "date of death" appraisal to legally lock in that value.
We break down the numbers and show you how to protect your family's equity in our latest guide. 📖 ⬇
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The "step-up in basis" - If you plan to leave a Bay Area home to your children, or if you’ve recently inherited one, understanding this rule is critical.