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Do investment assets get a step-up in basis if SOLD in the Estate prior to distrib to beneficiaries?

BobbiCycle
Level 2

Although I know that assets TRANSFERRED to beneficiaries will get the Step-Up basis at decedent's date of death .... "Do investments/assets get a step-up in basis if SOLD in the Estate prior to distrib to beneficiaries?

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Accountant-Man
Level 12

Yep.

** I'm still a champion... of the world! Even without The Lounge.

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4 Comments 4
IRonMaN
Level 15

Yup

 


Slava Ukraini!
Accountant-Man
Level 12

Yep.

** I'm still a champion... of the world! Even without The Lounge.
jeffmcpa2010
Level 11

Step up occurs (essentially) right after death, whether it goes into an Estate or direct to beneficiary doesn't matter in the cases I have been involved in.

BobbiCycle
Level 2

Thanks Jeff!  I appreciate your reply.  I researched my question (... and did a lot of reading) but couldn't find the answer on my own.  Take care, Bobbi

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