[WSBAPT] Brokerages & stepped up basis

[Krista MacLaren]

Hi All - 

I am wondering if brokerages have a default to step up the tax basis in an account that passes on the account holder’s death, and that stepped up basis is what is reported to the IRS, or does the PR always have to request that the tax basis be stepped up?  What is your practice to ensure the basis is stepped up?

Thank you,

Krista J. MacLaren
Attorney at Law
Northgate Executive Center II
9725 3rd Ave NE, Suite 600
Seattle WA 98115
(206) 523-6116
kjm.inc at icloud.com

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