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Level 3
March 14, 2025
Question

Estate stepped-up-basis

  • March 14, 2025
  • 1 reply
  • 4 views

T/P died and primary house was sold within one year of death by the Estate. The gain far exceeds the $250,000 exclusion. Does the Estate get the stepped-up-basis?

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1 reply

IRonMaN
Level 15
March 14, 2025

They aren't eligible for the personal residence sale exclusion but they would get the step up in basis.

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