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Deductions & credits
Thankyou dmertz but I think the question remains unanswered.
I still own the stock, it has not been received by a beneficiary.
I understand the NUA does not get a step up. It's the gain in the value of the stock after I utilized the NUA in 2007.
Restating:
Upon the death of one of the spouses in this community property state (AZ) , the cost basis for assets of both spouses are stepped up to the value on the date of death.
My question remains:
As Community Property - Upon the death of my spouse, can the cost basis for my stock beyond the value of the NUA increase to the value on her date of death?
‎July 4, 2023
6:24 PM