Stepped up basis of Residence Property

[ograp]

Does the double stepped up capital gains exemption basis of our home ($500,000), owned as JTWROS, carry over to the beneficiaries, of a living trust, if neither my wife nor myself sell the home, prior to the deaths of both of us?

 

[army judge]

Does the double stepped up capital gains exemption basis of our home ($500,000), owned as JTWROS, carry over to the beneficiaries, of a living trust, if neither my wife nor myself sell the home, prior to the deaths of both of us?

For information that is specific to you, and requires more than a yes or no answer, you should consult your CPA or tax attorney.