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Get the free STEP UP FOR DOWN SYNDROME T-SHIRT ORDER FORM

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STEP UP FOR DOWN SYNDROME SHIRT ORDER FORM TEAM CAPTAINS: Please turn this form in to DSA GSL by May 14, 2021. ORDER DATE:___ TEAM CAPTAIN: ___ TEAM NAME: ___ ADDRESS: ___ CITY: ___STATE: ___ ZIP:
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Step up for down refers to a tax provision that allows individuals to increase the cost basis of inherited assets to their fair market value at the time of the decedent's death.
Beneficiaries of an estate who inherit assets may be required to report step up for down when filing their tax returns.
To fill out step up for down, beneficiaries must complete the appropriate tax forms, providing details of the inherited assets, their fair market value at the time of death, and the basis adjustment.
The purpose of step up for down is to minimize capital gains taxes for beneficiaries by adjusting the basis of inherited assets to their current market value.
Beneficiaries must report the description of the asset, the date of death value, the original basis, and any adjustments made to the asset's basis.
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