Reply To: Distribution in kind of Irrevocable stock/bond asset

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#7214
lite1A
Participant

Thanks Lewis-H; I had already determined from a different source that distributing stock/bond position from Trust to beneficiary is not an issue; does not become a taxable event for beneficiary until such time as said position received is sold at profit/loss. In this situation B. “inherits” the cost basis of the Trust rather than a stepped up basis.