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Financial Planning / Tax Strategies


Subject:  Re: 2013 Stepped-Up Cost Basis Date:  1/15/2013  6:11 PM
Author:  Wradical Number:  117372 of 127753

I have "Googled" subject above without finding any information. Has anyone had success in this endeavor?
I doubt you will since there's nothing special about 2013. Only for 2010 deaths was there a monkey wrench in the usual basis determination for inherited assets.

Rule Your Retirement Home Fool

Yes, and even that was retroactively morphed from a default rule to an election out, if you wanted to use carryover basis and avoid the estate tax. The estate tax expired, and was reinstated during the year, unless you elected not to have it apply, in which case you had to file the form reporting carryover basis to the heirs, and the IRS.

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