To get the step-up in basis, the assets in the irrevocable trust now must be included in the taxable estate at the time of the grantor’s death. Invest in Gold Thor Metals Group: Best Overall ...

Among the assets that aren’t affected by the step-up rule are retirement accounts—including 401(k)s, IRAs and pensions—and most assets in an irrevocable trust. What Is the Basis for Gifts?

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

To get the step-up in basis, the assets in the irrevocable trust now must be included in the taxable estate at the time of the grantor's death. That's the bad news.

In a revenue ruling issued Wednesday, the IRS confirms that the step-up in basis under Sec. 1014(a) does not apply to the assets held by an irrevocable grantor trust when the grantor dies if the ...

An irrevocable trust can be treated as a grantor trust, ... then the estate-excluded assets will not get a step-up in basis for capital gains tax under Internal Revenue Code Section 1014, ...

Among the assets that aren’t affected by the step-up rule are retirement accounts—including 401(k)s, IRAs and pensions—and most assets in an irrevocable trust. What Is the Basis for Gifts?

Property, such as your home, held in an irrevocable trust 'that is not included in the taxable estate at death' will no longer receive a step-up in basis. Here’s why the wording of that is key.

To get the step-up in basis, the assets in the irrevocable trust now must be included in the taxable estate at the time of the grantor's death. That's the bad news.