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Solved Re: Stepped up basis for trust - filing requirements Forms 706, 8971

Thank you for your responses.

Celilo

Updated Apr 13, 2025
Solved Re: Stepped up basis for trust - filing requirements Forms 706, 8971

If neither apply, how do I establish the basis of the inherited property that was in a grantor revocable trust that converted to an irrevocable trust?

Celilo

2

Updated Apr 13, 2025
Solved Re: Stepped up basis for trust - filing requirements Forms 706, 8971

Thank you M-MTax. I understand that the value of the estate does not require that I file a 706. But, if 2032 does not apply, won't I need to file an 8971 to est...

Celilo

4

Updated Apr 13, 2025

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