mptax
Level 1
04-30-2021
01:46 PM
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Life Estate deed created by 2 Life Tenants with 4 Remainders. One L.T. dies after 10 yrs. House is sold 6 yrs later while 2nd L.T. and 4 Remainders are still alive. How does the step-up in basis from the L.T. who died allocated?
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