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?
Announcement
Collapse
No announcement yet.
Step-up Cost Basis Question
Collapse
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.