TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Step Up Basis Adjustment

August 10, 2010

Today TaxMama hears from Rob in the TaxQuips Forum, who couldn’t get IRS to answer him. “I am adjusting a 2006 return using the 3115 Form per your guidance. The Real estate is 1974 property where we used ACRS, 125% and 20 years. For the step-up do