$26.95 
Learn more
Submitted By: someone
Answered: September 11, 2017 11:22 pm
Answered: September 11, 2017 11:22 pm
I put property in a living trust. Will that property receive a stepped up basis when I die?
When property is transferred from a living (revocable) trust to a beneficiary on the death of the grantor, the beneficiary receives a stepped-up basis. Any appreciation after the grantor’s death is taxable to the beneficiary when he/she sells the property.
advertisement
Featured Books
Tax Glossary
Qualified plan
A retirement plan that meets tax law tests and allows for tax deferment and tax-free accumulation of income until benefits are withdrawn. Pension, profit-sharing, stock bonus, employee stock ownership, and Keogh plans and IRAs may be qualified plans.
