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STEP UP TO THE PLATE FOR EDUCATION Presented by Fremont Adult & Continuing Education Fundraiser Save $2 on Field Level tickets (regularly $26) for the following 2009 Oakland A s games. In addition,
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Step up to form refers to a tax reporting form that is used to document the increase in the cost basis of an asset when it is inherited or received as a gift.
The Executor of an estate or the individual receiving the gifted asset is required to file a step up to form.
To fill out a step up to form, you will need to provide information about the asset, such as its original cost basis, the date of acquisition, and the fair market value at the time of inheritance or gifting.
The purpose of the step up to form is to establish the new cost basis of an asset for tax purposes, which is important for determining any potential capital gains tax liability.
The step up to form requires reporting of the asset's original cost basis, the date of acquisition, the fair market value at the time of inheritance or gifting, and any relevant details about the transaction.
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