Short answer: stock in an irrevocable trust does not qualify for the step up in cost basis at the time of the decedent/grantor's death.Clear as mud.Good thoughts.Has anyone asked how the trust became irrevocable? If it became irrevocable BECAUSE of the grantor's death, then the step up should be available.--Peter
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<