TaxGuyBill
Level 15
12-07-2019
07:54 AM
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It is a "gift", so the Basis at the time of the gift was the same Basis as the giver, then multiplied by the percentage in the Actuarial Tables.
https://www.irs.gov/retirement-plans/actuarial-tables
https://www.irs.gov/retirement-plans/actuarial-tables