- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@TomD8 wrote:
I believe the OP's situation is that his mother was the life tenant (...the right to live until her death...") and he was the remainderman.
After having read it more closely, it appears that I misunderstood the wording and, of course, if the mother reserved a life estate with the son as the remainderman, he would take a stepped-up basis.
‎April 2, 2021
10:31 AM
1,237 Views