audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Are there any circumstances in which Transfer on Death (TOD) accounts do NOT have a stepped up basis when the beneficiaries inherit from the deceased account owner? The attorney thought I should double check about the stepped up basis with the brokerage company.
I've been researching online, and I don't ever see mention of anything other than stepped up basis at time of death.
Could he have been thinking about inheriting IRAs (which never have TODs)?
I've been researching online, and I don't ever see mention of anything other than stepped up basis at time of death.
Could he have been thinking about inheriting IRAs (which never have TODs)?