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Get your taxes done using TurboTax
@sandy4042 wrote:
When you die, the trust becomes irrevocable, and the house gets a step-up basis.
That is absolutely correct, if the house is included in the grantor's estate (which it would be in a standard revocable trust (i.e., a grantor trust).
‎April 18, 2022
3:05 PM
867 Views