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Author: 4thebird Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121159  
Subject: Re: like kind sale/purchase Date: 4/1/2010 2:38 PM
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the CPA likes me to figure some things out for myself before he gives the final answer. this one just has me stumped.

the house was grandmothers. given to dad 40 years ago. he rented it out the entire time. because he never changed the title we had to clear that up so he never took depreciation. once the title was clear he dumped it in the trust witch became active on his death. hence the 1/2 step up instead of the full. so it gets more complicated all the them. just a matter of what is to be done with it. wife is still alive.
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