Will I Receive a Step-Up in Basis for Inherited Property?

Updated: May 12, 2019


In most cases, there is at least some kind of step-up in basis when property is inherited. But there are a few exceptions and some subtle distinctions that do occur. This flowchart addresses some of the most common issues that arise for an individual trying to understand how their cost basis is impacted as a result of property they inherited such as:


  • Impact of living in a community property state

  • Types of property that receive a step-up

  • Impact of selecting the alternative valuation date

  • Simple Ownership vs. JTWROS vs Tenants in Common





Updated: 4/18/2019

  • Facebook
  • Twitter
  • Instagram

Castle Hill Capital is an investment advisor registered in Pennsylvania and Virginia. Any reference to the advisory services refers to Castle Hill Capital. Registration does not imply a certain level of skill or training nor does it imply endorsement by the state of Pennsylvania or Virginia.​ Past performance is not a guarantee of future return, nor is it necessarily indicative of future performance. Keep in mind investing involves risk.

Copyright © 2020 Castle Hill Capital. All Rights Reserved.