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If an infirm elderly person transfers her home into an irrevocable trust to protect it from Medicare, does the home get a stepped up basis? When the person dies...
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I saw the will.
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To BobKamman:These accounts are in NY State. The $30,000 was earned as dividends and capital gain distributions. The accounts were never transferred to the wido...
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There was $30,000 in income so there must be forms to file.
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To sjrcpa:Accounts were solely in husband's name totaling $30,000. Yes, 1099's were issued in decedent's name because no one transferred the account to the bene...
