What is the meaning of Step up?

To increase, as in' Step up' the tax basis of an asset.

Barry Goldsmith
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APABarry Goldsmith. (2010). step up. Retrieved September 23, 2026, from http://smartdefine.org/step_up/definitions/1164190
ChicagoBarry Goldsmith. 2010. "step up" http://smartdefine.org/step_up/definitions/1164190 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, step up, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/step_up/definitions/1164190>.
MLABarry Goldsmith. "step up" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/step_up/definitions/1164190>
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