The rule, published at the end of March 2023, changes how the step-up in basis applies to assets held in an irrevocable trust. If you need help interpreting the IRS rule change or setting up your ...

Step-up in basis, also known as stepped-up basis ... IRAs and pensions—and most assets in an irrevocable trust. If someone gives a gift to somebody during their lifetime, the recipient retains ...

The rule, published at the end of March, changes how the step-up in basis applies to assets held in an irrevocable trust. If you need help interpreting the IRS rule change or setting up your ...

Trusts can keep assets out of the gross estate or get a step-up in basis — but not both Trusts with grantor trust provisions ...

1014 basis step-up, the IRS clarified Wednesday in Rev. Rul ... [The asset in the fact pattern, funding an irrevocable trust] does not fall within any of the seven types of property listed in § 1014(b ...

Property which is transferred to an irrevocable trust under a completed gift does not qualify for a step-up in basis for capital gains tax savings, even if the trust maker continues to pay the ...