BobKamman
Level 15
05-03-2021
05:24 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
That seems like the long way around the barn, but at least it answers your question about stepped-up basis. There ain't none. Well, at least in one person's opinion.
If IRS had a tax on shame, the kids who want to take the money from their elderly mother would certainly be liable.