Series 65: Stepped-Up Tax Basis On Inherited Securities

Taken from our Series 65 Online Guide

Stepped-Up Tax Basis on Inherited Securities

In the event that a taxpayer dies and his heirs inherit his securities positions, the tax laws give the new owners of the securities a huge break. No matter what the original owner paid for the securities, the people inheriting the securities get to claim the price of those securities on the deceased person’s date of death as the securities’ new tax basis. This is referred to as a stepped-up basis.

For example, if a rich uncle leaves one of y

+ Read More

More Series 65 Info

What are people saying?

Create an Account

Since you're reading about Series 65: Stepped-Up Tax Basis On Inherited Securities, you might also be interested in:

Series 65 - Right to Sue for Wrongful Acts

Series 66 - 3.6.4.8.1. Accumulation Phase for a Non-Qualified Annuity

Series 22 - Civil Liability for False Communications to Customers

Series 66 - Alternative Minimum Tax

Series 65 - Tax-Equivalent or Corporate Equivalent Yield

Series 14 - Chapter 2 Practice Question Answers

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I am so happy to say that took my Series 65 Exam and passed on my first attempt! All thanks must go to Solomon Exam Prep and its materials. I read the Study Guide cover to cover 3 times, took notes and took what felt like endless practice quizzes, but I must say that I found the practice questions more difficult than the actual exam! I cannot recommend Solomon Exam Prep enough!

Kevin Blanchard, Meche and Associates. Breaux Bridge, LA

Well, I finally was able to take my Series 65 and passed with an 85%. I think that the combination of your Series 65 text along with our other vendor made all the difference. It was good to have an additional reference for clarity and in some cases more detailed and straight forward discussion. Thank you for the materials.

Alesia Mullis, Churchill Financial, Louisville, KY

Your material was great. I took the Series 65 in March [2010] and passed with a 90%.

Mark S., Baker, Vermont

I wanted to thank you for your help several weeks ago. The practice questions were very helpful. I passed the exam (Series 65) on the first try with a solid score.

Alan Heacock, LPL Financial, Bedford, NH

I have used other providers in the past for the 62 and decided to try something new this time due to passing that by a thin margin out of luck. I passed the 65 first try with an 88% all thanks to Solomon Exam Prep and its effective 5-week program. The book is thorough and easy to follow and the endless question bank with detailed explanations ensures that you will never see a repeat and never have to worry about question memorization (which is CRITICAL when you are assessing how ready you are based off of practice tests). The quizzes and exams require a deeper level of understanding, unlike other providers that test you with elementary questions only to leave the actual exam to feel unpleasantly difficult. The practice quizzes provide a very convenient way to focus on your weak areas and the full simulation exams feel very much like the actual test and in my experience, made the real exam seem surprisingly easy. The practice questions also reinforce important test taking skills and taught me to approach questions in a more disciplined way than before. Finally, I gave the “ask the professor” function a try and they are VERY responsive and clearly have a passion for seeing their clients succeed. I couldn’t be happier with this program and even though you might hear about the other test prep companies more often, Solomon IS the most effective.

Bates Parsons, Denver, CO

I successfully passed the test [Series 65] thanks to you guys!!!!

Chad Cook, Old West Investment Management, Los Angeles, CA