What's Stepping Up a Basis?

Stepping up basis means that then she's got no taxes. She gets her half, my half, i'm sorry, at that rate. That's what we're talking o about,. Instead of her getting it what we paid for it in two thousand n six, it's at what the rate is in 20 21, what the value is 20 21, rit inon in farm. It's probby even more important over on the operating side, because the farmers got no tax bases in their crop. They got no tax base in their equipment. So if mom and dad die, all that stuff they had fully depreciated, buildings, grain bens, grain cart utract