Skip to main content
Level 2
January 13, 2022
Solved

Do investment assets get a step-up in basis if SOLD in the Estate prior to distrib to beneficiaries?

  • January 13, 2022
  • 2 replies
  • 12 views

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?

This topic has been closed for replies.
Best answer by Accountant-Man

Yep.

2 replies

IRonMaN
Level 15
January 13, 2022

Yup

 

Slava Ukraini!
Accountant-Man
Level 13
January 13, 2022

Yep.

** I'm still a champion... of the world! Even without The Lounge.
Level 10
January 13, 2022

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.

Level 2
January 15, 2022

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