What is the step-up in basis on a Daniel Island inherited home?

Step-up in basis is the tax term for how an inherited Daniel Island home's value gets recalculated for the heirs, using the property's worth when ownership actually transferred instead of whatever the original owner paid many years before. That recalculation usually shrinks or eliminates the taxable gain if the heirs sell soon after inheriting. An accountant should confirm the exact valuation and figures for the specific estate.