What aspects need to be mentioned in your living trust to ensure that the 1031 exchange allows a future step-up in basis?
Defer Capital Gains Taxes WITH or WITHOUT a 1031 Exchange
What aspects need to be mentioned in your living trust to ensure that the 1031 exchange allows a future step-up in basis?
Question ID: 6604831 Status:
Open Apr 17, 2025 - 12:25 PM
1answer
Answer
Apr 17, 2025 - 12:25 PM
So you need to talk to your trust attorney because every state is different. And then so they will know whether or not you can get that. Yeah. What can be done on there? And so when you have community properties, you know, is it set up as a community property? I mean, there's all these different things. I don't get into that part of life, but I do know you need to talk to the trust attorneys.
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