Tal10 Posted July 15, 2024 Report Posted July 15, 2024 Taxpayers (husband and wife) are from Wisconsin. Husband is a partner in a real estate partnership, which was acquired during their marriage. Husband's wife dies. Can partnership make a 754 election to step up husband's basis? Quote
Tal10 Posted July 15, 2024 Author Report Posted July 15, 2024 Never mind! Found a good article on it here: https://www.taxnotes.com/research/federal/irs-guidance/revenue-rulings/rev-rul-79-124/ddl6 Quote
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