Cities · Santa Clara

Step-Up In Basis

Step-up in basis after a death in Santa Clara — get CPA guidance before assuming the tax story is simple.

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Overview

Most step-up questions still begin with fair market value at death. Some estates also involve rental history or other tax facts that change the analysis. Do not guess from a neighbor’s experience. Ask a CPA what applies, and document date-of-death value carefully when real estate is involved.

What to keep in mind

  • Prior tax treatment of the property can change the analysis — get professional advice
  • Document date-of-death fair market value carefully
  • Keep operational property issues separate from tax elections

City hub

This guide is part of Santa Clara on Bay Area After Death.

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