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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
  • 4 replies
  • 15 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?

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Best answer by Accountant-Man

Yep.

4 replies

IRonMaN
Level 15
January 13, 2022

Yup

 

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

Yep.

** I am "Elevating with Intention!"
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