ATTENTION REAL ESTATE INVESTORS! Taking a Stepped-up Basis on an UPREIT Real Estate Asset
4th in a 4-part Series: When an individual heir or an irrevocable grantor trust inherits an interest in an UPREIT (Umbrella Partnership Real Estate Investment Trust), the possibility of receiving a stepped-up basis depends on the specific structure of the inherited asset and the applicable tax laws. A. Direct Ownership of REIT Shares: […]