BobKamman
Level 15
04-07-2023
01:19 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I remember something about that. Like, it's considered a sale to the beneficiary. So the beneficiary gets a bonus on top of stepped-up basis. I thought that was only applicable to specific bequests, but it looks like it can be elected if all property distributions during the year are treated that way.