Thats very interesting, thanks for the feedback.The basis would receive the usual reset if the recipient lived for at least a year after receiving the gift. Otherwise, no basis reset.Out of curiosity what would happen as an example in a scenario where a person gifted someone an asset and then inherited it on their death?
Statistics: Posted by whiterabbit66 — Tue Aug 13, 2024 7:04 pm — Replies 32 — Views 1109