jeffmcpa2010
Level 11
02-24-2022
04:37 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The step up basis does not happen until the Day after his final return ends - the date of his death.
There is no Step Up on his final return - That happens with the next return - 1041 for Estate, or 1040 for whoever the property went to if it went direct immediately (like with a Transfer on Death deed).