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Value of Dividends upon death

January 26, 2017 • Kyrsten Gallo • Log In to Post Comments

When cap gains from a mutual fund are distributed at 12/31 and a death occurred on 8/31 of the same year how does one deal with the step up in basis for a trust tax return?  

Thank you.

 


Comments

The basis of the fund is the FMV at the date of death. Caital gain dividends paid after the death are taxable to the trust/beneficiary and no basis adjustment happens.

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