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Taxpayer dies and son files estate return. Stock is sold and reported on form 1041 within
5 months of death. Stock recieves a stepped up basis, right??
Taxpayer dies and son files estate return. Stock is sold and reported on form 1041 within
5 months of death. Stock recieves a stepped up basis, right??
If the stock was sold in the estate, the estate realizes gain or loss. The son get the cash tax free.
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