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Business & farm
@Dave Bar wrote:
**Mark the post that answers your question by clicking on "Mark as Best Answer"
That's what I did and Ioesn't work.
Are you reading my posts or what? What @ThomasM125 wrote in his post is likely wrong; your basis is not the fair market value when the trust was created. Your basis would be the fair market value when the trust became irrevocable (if it is the typical grantor trust scenario) and the trust likely became irrevocable on the date of death of your father.
‎February 24, 2022
6:54 AM