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doechsli
Level 2

Will the cost basis for stocks in a trust be from the date the original trustee died until the date the stocks were sold?

"My father had a a revocable trust at the time of his death. It was funded with a house, stocks and bonds. He died and the new trustees are three siblings. Will the cost basis for the stocks be from the date he died until the date the stocks were sold? He paid taxes on dividends as he received them every year."
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Accepted Solutions
TomYoung
Level 13

Will the cost basis for stocks in a trust be from the date the original trustee died until the date the stocks were sold?

Based on what you've said here all assets in the trust should get a stepped up basis to their value at the date of death.

Tom Young

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4 Replies
StephanieB
New Member

Will the cost basis for stocks in a trust be from the date the original trustee died until the date the stocks were sold?

@doechsli see the answer below.
TomYoung
Level 13

Will the cost basis for stocks in a trust be from the date the original trustee died until the date the stocks were sold?

Based on what you've said here all assets in the trust should get a stepped up basis to their value at the date of death.

Tom Young

CindyS
Level 2

Will the cost basis for stocks in a trust be from the date the original trustee died until the date the stocks were sold?

What if the trust was irrevocable?

Critter-3
Level 15

Will the cost basis for stocks in a trust be from the date the original trustee died until the date the stocks were sold?

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