bd5cdbdd_Vermont_Taxt_Attorneys___KSF_G__J_T_wros_
[0] Capital Gains 100% basis step-up at death of parent transferor. $250,000 exclusion should be available for entire gain on sale of residence by life-tenant owner/occupant. [J/T wros.] 
100% basis step-up at death of parent/Transferor; carryover basis if sold during transferor’s life. $250,000 gain exclusion available for sale of owner/occupant’s interest in residence only.
Tax and Medicaid Planning | Rutland, Vermont Taxt Attorneys | KSF&G
J/T wros.