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- Can a Partnership (LLC) inherit property and still get a step-up in basis (partners too)?
Can a Partnership (LLC) inherit property and still get a step-up in basis (partners too)?
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jjtrcka221
Level 2
11-17-2023
11:45 AM
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If a mother has a "Transfer on Death" deed on her house and her children's partnership (LLC) is listed as the beneficiary, will the partnership and the children still have a step up in basis upon inheriting the property?
Thanks in advance!
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