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Wealth transfer planning

Step-up in basis calculator for inherited property planning.

Model Section 1014 step-up in basis scenarios so accountants can explain inherited-property gain, FMV basis resets, and tax savings more clearly.

Built for CPA firms helping families and real-estate clients think through inherited property decisions.

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Who it’s for

Tax advisors, estate-planning accountants, and real-estate CPAs working on inherited property scenarios.

When to use it

Use it when a client inherits property, needs to understand stepped-up basis, or wants to compare a prompt sale with a later disposition.

Planning outcome

The page helps firms explain how fair market value at death resets basis and changes the taxable gain picture.

Step-Up in Basis Calculator
Inputs and outputs

A clearer way to move from client inputs to planning outputs.

The page mirrors how firms think through the work: what goes in, what comes out, and what the client needs help understanding.

Typical inputs
Original cost basis and improvement history
Fair market value at death
Planned sale price assumptions
Timing or transfer context
What firms get back
Estimated stepped-up basis
Potential gain avoided at inheritance
Taxable gain on future sale scenarios
A cleaner narrative for heirs and family discussions
Worked scenario

An heir needs to know whether selling inherited property soon changes the tax outcome.

The accountant can compare original basis to stepped-up basis, show the appreciation that disappears at death, and explain how later appreciation would still be taxed on a future sale.

Open in workspace
1

Translate Section 1014 into plain client language.

2

Show basis reset and gain avoidance in one screen.

3

Frame inherited-property decisions without spreadsheet sprawl.

FAQ

Questions firms ask before using this calculator.

Is this only for real estate?

The concept applies more broadly, but this page is especially useful for real-estate and inherited-property planning conversations handled by CPA firms.

Can the calculator replace estate administration advice?

No. It supports tax modeling and explanation, while legal, estate, and filing details still need professional review.

Why is the fair market value date important?

Because the stepped-up basis usually hinges on the value at death, and that value drives how much appreciation is removed from future gain calculations.

Related planning pages

Keep the topical path connected.

These pages are built to help firms move across related planning questions without dropping back into disconnected spreadsheets.