Question From a marital deduction trust set up in the early 60's, the stocks are inherited in 2006 at the death of the original surviving spouse. Does the step up in basis for capital gains computations apply to all stocks or just some?
Answer VO, this is a question to ask a tax/estate attorney in your home state. The answer depends in part on state law and there may be some twists thrown in depending on how the trust documents were drafted. Too complicated a question for this site!
