@Opus 17 wrote:
8. I think you probably received a fully stepped-up basis and not a partial step-up. But you may want a personal legal opinion.
Section 1014 provides a step-up basis for property acquired from a decedent (which is the case here).
Section 2036 provides that the value of the gross estate as the value of all property to the extent of any interest therein of which the decedent has at any time made a transfer under which he has retained for his life.....
As a result, there is a full step-up in basis.
