How Does Step-up Basis Work in an S-Corp?
“My sister, her husband and I own an S Corporation with 25%, 25% and 50% ownership, respectively. The S Corporation invests in rental properties. My brother-in-law passed away earlier this year, so does my sister get a step-up in basis for her husband’s portion?”
What to Do with Inherited Property
Do you want to live in it, sell it, or share it?