when do assets get a step up in basis
Stepped-up basis One possible explanation for the stepped-up basis rule under IRC ยง 1014 is to avoid the difficulty of ascertaining a decedent's adjusted basis in property that could have been held for decades.[4] A second theory is that a decedent is not likely trying to evade taxes by passing property at death, so mandating carryover basis, which would preserve the gain in the beneficiary, is unnecessary.[5] Third, the federal government imposes estate taxes on transfers of wealth at death based on those assets values as of that date.[6] Were no step up in basis allowed, the federal government could potentially receive a windfall from estates subject to estate tax by recovering federal estate tax based on capital assets' values as of a decedent's date of death, while also receiving capital gains tax when such assets are sold by an estate or a beneficiary based on the difference between the value of the asset when sold and the price at which such asset was purchased by a decedent.
Periodic trends Periodic trends are specific patterns that are present in the periodic table that illustrate different aspects of a certain element, including its radius and its electronic properties. Major periodic trends include: electronegativity, ionization energy, electron affinity, atomic radius, melting point, boiling point, metallic character, ionic radius and reactivity. Periodic trends arise from the arrangement of elements in the periodic table and allow chemists to quickly and reliably predict an element's properties. These trends exist because of the similar atomic structure of the elements within their respective group families or periods, and because of the periodic nature of the elements. There are exceptions to these trends, such as that of ionization energy in Groups 3 and 6.