If you do a 1031 exchange into a rental property and you die, does your heirs get a step-up basis?
Defer Capital Gains Taxes WITH or WITHOUT a 1031 Exchange
If you do a 1031 exchange into a rental property when you die, does your heirs get a set-up basis even if your child is the renter?
Question ID: 6604740 Status:
Open Apr 17, 2025 - 12:09 PM
1answer
Answer
Apr 17, 2025 - 12:09 PM
If you didn't exchange into a property and your child is there, be aware of this. They have to be paying market rents for you to not have an issue of that being disallowed. But yes, in inheriting, whatever they inherit, as long as that rule applies, there's a step-up basis.
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