asked

My wife and I have an S-corporation and are the only two stockholders. A major asset of the S-corp is an industrial building we occupy. My wife passed away last month. I want to sell the building. A realtor told me that our basis will be stepped up to the current value because of her death. I looked on the internet to see if this is true and the answer is complex. What do I need to do now?

October 3rd, 2024

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