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Retirement tax questions
If it was a joint account, you would get a partial step-up in basis. The step up in basis would be for one-half of the original basis. (See Joint interest.) Next year when you file your taxes, you would be able to do an adjustment for the basis. (You would look up the TreasuryDirect calculator and add one half of the value on date of death to your basis.) Sorry for your loss.
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‎April 6, 2025
2:04 PM