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Investors & landlords
With respect to holding an asset such as real estate (e.g., a rental property) in a C corporation and the stepped-up basis at death, hopefully, it is clear that although the heirs receive a stepped-up basis in the shares, the actual asset does not (the corporation owns the asset, not the decedent, and corporations do not die).
‎October 21, 2019
8:21 AM
5,729 Views