Number: RL30875
Title: Step-Up vs. Carryover Basis for Capital Gains: Implications for Estate Tax Repeal
Authors: Nonna A Noto, Government and Finance Division 
Abstract: If the federal estate tax were repealed but the step-up in basis of assets at death continued, the appreciation in value of capital assets during a decedent's period of ownership (lifetime) could avoid both the estate tax and the income tax on capital gains-for the decedent as well as the heir. Several basic policy questions are addressed in this report.
Pages: 14
Date: Updated April 20, 2001