The basis step up on death is a byproduct of going through the estate tax. Yes, ... | Hacker News

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		toast0 on Dec 11, 2019 \| parent \| context \| favorite \| on: S&P 500 Buybacks Now Outpace All R&D Spending in t... The basis step up on death is a byproduct of going through the estate tax. Yes, for the vast majority, the estate tax is $0, but it's not untaxed.

anotherman554 on Dec 11, 2019 [–]

The first 11.4 million of an inheritance would be untaxed.

toast0 on Dec 11, 2019 | [–]

It's taxed, and the rate is $0. If it were untaxed, like when the estate tax expired, you wouldn't get the step up in basis.

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