Absolutely wrong. It is theFMV of the new ownerTax code says owner not original.The whole purpose from Congress is to limit liability on the beneficiary.What yo...

I disagree totally. The assets cost basis is bumped up on the date of the owners death.That is Congress intent to limit liability.I have only seen in tax code t...

There is nothing I've ever found in tax code saying original owner.I have in fact seen the word owner only.The cost basis is always bumped up to reduce tax liab...