Reply To: Form F706

Home Fairmark Forum Other Tax Topics Form F706 Reply To: Form F706

#4586
Lilac
Participant

<<Whether that is useful to you or not depends on your personal circumstances. Seems like valuation for step up cost basis could be documented in other ways.>>

Can Kaneohe or other experts here please tell me what is the other way to do it ? I don’t need to file for portability for form 706 which is due very soon ( 9 months )
Is there a time limit to record the step up cost basis on stocks and house or do I have to do that if I am not selling them now ? Thank you so much in advance. Your help on answering this question is very much appreciated.