Cities · Berkeley

Step-Up In Basis

Step-up in basis for Berkeley homes — value at death, with room for improvement history in the supporting file.

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Overview

Step-up in basis still centers on value at death, even when the house has a complicated improvement history. List what you know about additions and major work, avoid treating assessed value as a substitute for estate needs, and let a CPA and appraiser handle the technical pieces.

What to keep in mind

  • Note major improvements even if the paper trail is incomplete
  • Assessed value is usually not enough for estate tax basis support
  • A CPA and appraiser together beat internet calculators

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This guide is part of Berkeley on Bay Area After Death.

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