Step-up Cost Basis Question

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  • Ed Taxes
    Junior Member
    • Feb 2007
    • 18

    #1

    Step-up Cost Basis Question

    Client, husband and wife, living in community property state, Ca. All Property including rentals, is in a revocable living trust. Wife dies and trust is split A,B. Do both sides of the trusts get a step-up cost basis going forward?
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