Talk of The Villages Florida - View Single Post - Living Trusts
Thread: Living Trusts
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Old 10-01-2020, 10:34 AM
gpk111 gpk111 is offline
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Quote:
Originally Posted by retiredguy123 View Post
Yes, for most cases, property received from a trust will receive a stepped cost basis.
Right on!
"The general rule is that assets held in trust for beneficiaries will receive the stepped up tax basis if the trust assets are included in the estate of the decedent. This generally includes trusts that are revocable until death—they would be part of the taxable estate and receive a step up."