What does he want to eliminate?
“What does he want to eliminate?”
Let’s say your Mom bought Acme at $5 in 1950. On the day of her death it was selling for $355. You inherit the stock and your stepped up basis is $355. Say the price drops to $300 on the day you sell it. You lost $55 per share. But if your Mom had lived and sold it at $300 per share she pays a capital gain of $295 per share. (At least that’s my understanding.)