TaxGuyBill
Level 15

I think the default treatment is that the trust's INTEREST in the Partnership gets the step up, not anything withing the Partnership.

But there is an election (§754?) that can change that.

Are you making the election?  What exactly are you trying to calculate?

 

With that being said, I'm pretty clueless about Partnerships, so maybe Susan or somebody else may be able to point you in a better direction.

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