Step basis on jointly held assets with child

USA Discussion in 'General Tax Discussion' started by Robert Howard, Aug 19, 2018.

  1. Robert Howard

    Robert Howard

    Aug 19, 2018
    Likes Received:
    Have read both answers ? One is that the step up Irs provision is 100% after death if the child had not contributed anything toward costs. This is in reference to a brokerage acct. The other answer was that the Irs does not allow any step up for a parent\child joint acct ? So what does the Irs allow ?
    Robert Howard, Aug 19, 2018
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