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Yes, she gets a full step up. The trick is determining the fair market value. I once asked a business broker to do a write up for a business with the same scenario. I told him up front that the business was not for sale at that time and paid him ...
This is out of date information. If you have a return rejected because the dependent's SS# has been used, you can get an IPPIN for the taxpayer and file electronically. Question My electronic tax return keeps getting rejected because one of ...
Teresa is right, IRS won't accept a return when a ss# is already used. I had this happen several years ago, all we could do was file paper return. Then the IRS let my clients get the child, but we never did figure out if they went after the ex spouse ...
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