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URL:  http://boards.fool.com/my-husband-and-i-had-a-joint-account-that-was-in-30416896.aspx

Subject:  Re: inherited tax ques. Date:  12/6/2012  9:44 AM
Author:  TMFPMarti Number:  117078 of 121061

My husband and I had a joint account that was in a living trust. He died in 2008 and I inherited all our assets.

Yours is a basis question. If these were community property assets your basis is stepped up to the value on his date of death. Otherwise your basis is 1/2 of your original basis plus 1/2 of the value as of his date of death.

Phil
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