sjrcpa
Level 15
02-16-2024
04:47 PM
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Yes there are certain trusts and transfers thereto where there is no step up.
Sounds like you have a plain vanilla Revocable/Living/Grantor Trust where the assets get a step up upon the death of the Grantor.
After death, the assets are deemed to be held for investment, in the absence of other facts saying they are not.
The more I know the more I don’t know.