Legal Question in Wills and Trusts in Illinois
Is there an IRS form, for someone who died in 2010, to get a "stepped-up date of death tax basis"?
If so what is that form number? There is none listed on the IRS.gov site.
This is referring to the sale of a $50,000 home, part of a $200,000 estate for an aunt who died in March of 2010?
Asked on 1/06/11, 11:16 am
1 Answer from Attorneys
I believe Form 8939, to be attached to the person's final 1040 return, will be the place to report the assets selected for a step up in basis. However, the form is not available yet.
Keep watching the IRS website for updates.
Answered on 1/27/11, 5:36 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
