Legacy tax planning

How Wisconsin Investors Avoid Capital Gains Tax on Inherited Property

What Is Step-Up in Basis and Why Does It Matter for Rental Investors? Imagine buying a rental in southeastern Wisconsin in your forties for $200,000, and after 20 years, it’s worth $600,000. Selling it next year means paying capital gains tax on the $400,000 gain. But letting a family member inherit it means they could sell the same property the day after your death and owe nothing. That’s Step-Up