- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
"The life estate/remainder arrangement also raises some tax issues. One of those issues concerns the income tax basis of the property that is the subject of the arrangement. The cost basis of inherited property is almost always the fair market value of the property as of the testator's date of death." - https://lawprofessors.typepad.com/agriculturallaw/2018/08/life-estateremainder-arrangements-and-inco....
‎February 7, 2022
5:48 PM
1,038 Views