BobbiCycle
Level 2
01-13-2022
02:08 PM
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Although I know that assets TRANSFERRED to beneficiaries will get the Step-Up basis at decedent's date of death .... "Do investments/assets get a step-up in basis if SOLD in the Estate prior to distrib to beneficiaries?
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Accountant-Man
Level 13
01-13-2022
03:16 PM
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Yep.
** I'm still a champion... of the world! Even without The Lounge.
jeffmcpa2010
Level 11
01-13-2022
03:36 PM
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Step up occurs (essentially) right after death, whether it goes into an Estate or direct to beneficiary doesn't matter in the cases I have been involved in.
BobbiCycle
Level 2
01-15-2022
10:53 AM
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Thanks Jeff! I appreciate your reply. I researched my question (... and did a lot of reading) but couldn't find the answer on my own. Take care, Bobbi
