stevedip1
Level 1
10-15-2021
11:15 AM
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Parent passed in May 2020, had fully depreciated rental prop and IRA in Revocable trust , prop and IRA was transferred to heir in Jan 2021, is a trust return needed for period of death to Dec 2020? If so would stepped up basis be applied in trust return and then new basis be passed to heir or when it is given to heir in 2021?
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