Re: [taxchat] Inherited Annuities

IRAs are not stepped up when inherited either.  Just a thought.

 

 

From: Lynne Ayton

Sent: Monday, November 03, 2008 7:20 AM

To: taxchat@yahoogroups.com

Subject: Re: [taxchat] Inherited Annuities

neither have i.
lynne

Debbie Wilson wrote:

I was the one that asked and I can find nothing that says you can get a step up.  I've looked everywhere.  I've been doing this for 30 years and have never seen one that is stepped up.

Debbie wilson

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Larry Vaughn
Sent: Friday, October 31, 2008 5:45 PM
To: Tax Chat
Subject: [taxchat] Inherited Annuities

Recently there was a question concerning stepped up basis for an inherited annuity.  Do I recall correctly that someone said you could use a stepped up basis?  Is there a reference for this?

Thanks,
Larry Vaughn
"IN GOD WE TRUST!"
lvaughn@ftc-i.net

"A government which robs Peter to pay Paul can always depend on the support of Paul."  George Bernard Shaw

"The inherent vice of capitalism is the unequal sharing of the blessings. The inherent blessing of socialism is the equal sharing of misery."  Winston Churchill

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