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Deductions & credits
You stated it was her trust. Is that correct?
In other words, your grandmother was the sole owner of the house (or her revocable trust was the sole titleholder)? She would not get a stepped-up basis upon the transfer into her trust, if that is what you are wondering and he owns nothing if he transferred his interest to your grandmother (or a trust for which she is the sole beneficiary).
‎April 13, 2023
11:32 AM