step up

Wall Street and Silicon Valley are booming, and U.S. workers are finally getting a step-up in their real take-home pay.

If you gift your daughter the house — leaving aside the debate over using “gift” as an adjective — your daughter would lose her step-up in basis.

If you married, she would get a step-up in basis on those assets, potentially saving roughly $500,000 in capital-gains taxes.

It is an alternative to putting you on the deed, which would rob him off a full step-up in basis.

"No country should be left alone in the face of such evil," he wrote on Telegram, reiterating the need for Ukraine's allies to step-up support.