- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Taxation on inheritance of assets for California/community property resident
Suppose two spouses have a joint tenant (wros) brokerage account in California (community property state),
when one spouse passes away, will the surviving spouse receive a 100% or 50% cost basis adjustment
for the account's assets?
And if both spouses pass away, will the designated beneficiary receive any cost basis adjustment of the assets?
Thanks
‎September 28, 2022
12:09 PM