make capital gains election as to any stepped-up basis

10:46 Nov 15, 2022 

Jeżeli chodzi o capital gains election to wydaje się, że odnosi się ten zapis do przepisów podatkowych dot. zysków kapitałowych w tym przypadku od wzrostu wartości, więc zależnie od jurysdykcji poszukałbym informacji z czym się wiąże capital gains election.

10:06 Nov 15, 2022 

... urealnienie/aktualizacja wyceny aktywów dla celów podatkowych (tzw. step-up)
...przeprowadzenie urealnienia wartości podatkowej składników majątkowych do ich wartości rynkowej (z ang. step-up)

This election seems to be an option rather than a duty.

10:01 Nov 15, 2022 

Step-up in basis refers to the adjustment in the cost basis of an inherited asset to its fair market value on the date of the decedent's death.
...
Step-up in basis, or stepped-up basis, is what happens when the price of an inherited asset on the date of the decedent's death is above its original purchase price. The tax code allows for the raising of the cost basis to the higher price, minimizing the capital gains taxes owed if the asset is sold later.

The step-up in basis provision applies to financial assets like stocks, bonds, and mutual funds as well as real estate and other tangible property.
https://www.investopedia.com/terms/s/stepupinbasis.asp

02:25 Nov 15, 2022 

The tax code of the United States holds that when a person (the beneficiary) receives an asset from a giver (the benefactor) after the benefactor dies, the asset receives a stepped-up basis, which is its market value at the time the benefactor dies (Internal Revenue Code § 1014(a)). A stepped-up basis can be higher than the before-death cost basis, which is the benefactor's purchase price for the asset, adjusted for improvements or losses. Because taxable capital-gain income is the selling price minus the basis, a high stepped-up basis can greatly reduce the beneficiary's taxable capital-gain income if the beneficiary sells the inherited asset.