The Basis Rules for Assets Acquired by
Gift or Inheritance are More Complex
Than You May Think

For most of your clients, capital gains taxes (and planning to avoid them) have become a far greater concern than estate taxes.

If you’re a CPA, estate planning attorney, or financial advisor, you already know the general concept of how capital gains are measured - - the amount of sales or other proceeds in excess of “basis”.  But are you aware of the intricacies of how basis is computed, particularly in these events…

  • When assets are acquired by gift (including a gift in a trust)?
  • When they were previously sold to an IDGT (or a non-grantor trust)?
  • When they’re acquired from a decedent (including the impact of state community property and separate property rules and potential “step-down” in basis)?
  • When assets acquired at the original owner’s death in trust and subject to a power of appointment?
  • When assets are inherited back by a donor (gift maker) after the donee (recipient of the gift) dies?
  • How the calculation of basis is affected when nonqualified annuities, IRAs and other items of IRD (like installment notes) are involved?

Learn all this and more (including planning to maximize basis step-up) on this 90-minute, in depth presentation by Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, entitled, “Understanding the Tax Basis Rules When Assets are Acquired by Gift or Inheritance”.

Your purchase includes: Downloadable PDF handout materials and MP3 audio recording. A PDF transcript may be added on for an additional fee during the checkout process.

  • Program Title: Understanding the Tax Basis Rules When Assets are Acquired by Gift or Inheritance
  • Speaker:
  • Duration: 90 minutes



Includes: Immediately download of PDF handout materials and MP3 audio recording.




Robert S. Keebler

CPA/PFS, MST, AEP (Distinguished), CGMA
Robert S. Keebler

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. Mr. Keebler is the past Editor-in-Chief of CCH’s magazine, Journal of Retirement Planning, and a member of CCH’s Financial and Estate Planning Advisory Board. His practice includes family wealth transfer…


The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.

However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.