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Deductions & credits
Two weeks ago you asked about stepped up basis on a property placed in a trust. Are you now asking about the same property or a different property? Please clarify who the owners of the property were, how each owner acquired his or her interest, and who passed away. Also, is the property the main home of the surviving spouse? Did the surviving spouse acquire the property by inheritance or was the surviving spouse a part owner prior to the passing of the deceased spouse?
‎September 6, 2023
12:50 PM