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05-01-2018
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What is the trust's basis of property, where the grantor's adjusted basis (at the time of funding) in the property is $8,500?

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19-01-2018

Trust's generally have a carryover basis; and since there are no indications of any special circumstances(such as the trust being of any particular legal class), the trust would have the same basis as the grantor. $8500 is the answer.

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