Step Up in basis, well maybe??

A step-up in basis is a tax provision that raises an asset's cost basis to its fair market value on the date of the owner's death. This adjustment means that the inheritor does not have to pay capital gains taxes on the appreciation of the asset that occurred during the decedent's lifetime until the asset is sold. This rule helps to eliminate double taxation on a deceased person's assets, benefiting heirs, particularly in wealthy households. It applies to various inherited assets, including investments, stocks, bonds, and real estate.\ IRAs do not receive a step-up in cost basis upon death, unlike most other assets owned by an individual. A step-up in basis resets the cost basis of an appreciated inherited asset for tax purposes. The cost basis for heirs is raised to the asset's market value on the prior owner's date of death, reducing future capital gains taxes. The beneficiary of your IRA will pay ordinary income tax on any distributions at his or her rate.