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If a stock portfolio is left to an estate trust, when these stocks are sold, is the cost basis for the stocks what was paid originally or is there a step-up so that the cost basis is the value of shares at time of death? Example. I purchased X # of Apple shares at $5.00 a share. It is now $190.00 a share. Is the capital gain avoided by leaving the shares to the Trust?
‎June 28, 2023
12:45 PM