1 Rev. Rul. 2011-28, 2008-22, 2004-64, and 85-13.
2 Note that Presidents Biden, Trump and Obama all have proposed eliminating the tax benefit of a step-up in basis at death. However, as of March 2021, there is no current congressional bill or legislative proposal to address changes to the step-up in basis rules in the near future.
3 Unless otherwise provided, the names, characters, businesses, places, and events discussed in the hypothetical examples in this paper are fictitious. Any resemblance to actual persons, living or dead, or actual events is purely coincidental.
4 See, e.g., Manatt v. Manatt, 2018 WL 3154461 (S.D. Iowa May 2, 2018); Schinazi v. Eden, 338 Ga. App. 793 S.E.2d 94 (Ga. App. 2016); Benson v. Rosenthal, No. 15-782, 2016 WL 2855456 (E.D. La. 2016); In re Dino Rigoni International Grantor Trust for the Benefit of Christopher Rajzer, 2015 WL 4255417 (Ct. App. Mi. July 14, 2015); In re the Matter of the Mark Vance Condiotti Irrevocable GST Trust, No. 14CA0969, Col. App. July 9, 2015).
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