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    Basis to estate

    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??

    #2
    ................. yes.

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      #3
      Originally posted by gman View Post
      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.
      This post is for discussion purposes only and should be verified with other sources before actual use.

      Many times I post additional info on the post, Click on "message board" for updated content.

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