Series 66: Stepped-up Basis

Taken from our Series 66 - NASAA Uniform Combined State Law Exam

Definition of the term Stepped-up Basis...

a readjustment of the tax basis of an asset to its market value at the time it is acquired.

Since you're reading about Series 66: Stepped-up Basis, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 66
Please Enable Javascript
to view this content!