Basis Bonanza: Dealing with Consistency Rules and Generating Step-Up

This presentation will address the following issues:

• Introduction to Basis Consistency and Reporting Rules, including reviews of IRC Sections 1014 and 6035
• Planning to estate planning and techniques to achieve basis step-up in assets that flow through the estate
• Portability of Estate Step-Up between spouses and techniques to achieve basis step-up
• Estate planning considerations among spouses and use of trusts