sjrcpa
Level 15
10-05-2022
08:14 PM
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Yes full step up if it was his house that was transferred to the trust.
Yes she could absorb a capital gain if she has huge medical bills.
Is this the only thing in the trust, such that the sale of the property and distribution of the proceeds will terminate the trust?
Hint - pay the accountant fees before distributing.
The more I know the more I don’t know.