Davelias
Level 3
4 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My client inherited a property from the life estate of his older brother. The older brother had received the life estate from his mother who had purchased the property 2 years prior. The mother passed away in 2006 and the brother passed away in 2020. Which date of death do I use for the stepped up basis date?