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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 ...

This is out of date information.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 ...

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 ...