Greta
Level 9
07-30-2024
07:35 PM
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Equal Partners A&B bought property for 100K many years ago. Partner A died May 28, 2023, leaving his share to new Partner C. Appraisals done per date of death. How do I calculate the new cost basis from Partner A's half - do I take the new appraised value and prorate it per 179 days alive vs. 186 days dead? Or the entire year gets stepped up.
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