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G
Greta
Level 7
September 14, 2021
Solved

Stepped-up basis by an decedent's estate

  • September 14, 2021
  • 8 replies
  • 18 views

When a decedent's estate sells rental house of the decedent, is there a stepped-up basis?

This topic has been closed for replies.
Best answer by IRonMaN

Yes

8 replies

IRonMaN
IRonMaNAnswer
Level 15
September 14, 2021

Yes

Slava Ukraini!
    GodFather
    GodFatherIntuit Community Champion
    Intuit Community Champion
    September 14, 2021

    Hopefully the stepped-up basis will remain.  It seems there are proposals to do away with this.  That would potentially have a large impact on many taxpayers.  

      PATAX
      PATAX
      Level 12
      September 14, 2021

      I commented about this several months or so ago... I think a compromise may be to let step-up basis remain up to 5 million dollars... Just my opinion....

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