Do you pay capital gains taxes on appreciated assets that you inherit?
If you inherit assets that appreciated during the life of the person that left you the inheritance, you would get a step-up in basis. For capital gains purposes, the clock would start a new, and you would only be responsible for gains that accumulate after you take possession of the assets.
This is a controversial tax break that some lawmakers would like to change, because it is used by high net worth individuals as an estate planning strategy. They would like to do away with the step-up in basis, so this is always a possibility.