poolcleaner
Level 9
12-07-2019
02:38 AM
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In a community property state, she will receive a stepped-up basis for her share and her deceased spouse's share. So her cost basis will be the FMV as of his DOD. Depending on what kind of trust it is could create a different answer. Grantor trust? Testamentary Trust? Revocable Trust? Irrevocable Trust?