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Step up cost basis for an inheritance
I received a K-1 with a long term capital gain for an inheritance of a long dead relative. I need to step up the cost basis to the time of my mother's death. How do I do that when the K-1 received from the estate has the long term capital gain box filled with the original value of the inheritance, not the step upped value?
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‎June 6, 2019
1:50 AM