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Estate planning? Regarding real estate purchasing.
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jakescia
Posted 2/22/2017 21:02 (#5857029 - in reply to #5856848)
Subject: You are correct. Basis step up only occurs upon inheritance.



Oskaloosa, Iowa 52577		She would purchase from nieces etc....that would be her basis in that undivided one half..

When she passes, the entire parcel would get the same value to her beneficiaries.

Until she passes, she would have a "blended" basis composed of her original basis in one half, and the purchased basis from the nieces etc

Edited by jakescia 2/22/2017 21:06
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