CarolineS
Level 1
07-27-2023
04:08 PM
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I understand that the step up occurs on date of death, the asset is retired, and then the asset is added as a new asset.
Is prior depreciation deducted from the appraisal at date of death or does it just go away?
Community property state with full step-up at the death of one spouse.
Thoughts and advice would be greatly appreciated!
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CarolineS
Level 1
08-02-2023
01:40 PM
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Thank you! Nothing like getting the answer you want!