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Retirement tax questions
So, is your conclusion that unless you're filing a Form 706 for an estate that is at or above the federal threshold of $12.06 million (year estate created 2022), there is no option for an alternative valuation date? If yes, then that would mean the cost basis for stocks inherited is tied to the date of death and not any other time since then, including date of distribution, date of possession, date of sale, etc., correct?
‎February 13, 2024
8:31 AM