George4Tacks
Level 15
08-18-2023
08:32 AM
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Enter date of sale (only) for all the old assets using the date of death.
Enter the new updated asset values, using original acquisition date and the new stepped up basis for each asset. You may just make two entries, Building and Land. Base allocation according to the appraisal the client gives you.
Answers are easy. Questions are hard!