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Home » CalCPA Discussion Forum » Estate Planning » Valuation of Stocks and Bonds held in LLC

Valuation of Stocks and Bonds held in LLC Expand / Collapse
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Anonymous
Posted 5/19/2008 10:47:44 AM




Husband and wife hold their stock and bonds in a CA LLC. Wife has just died. How does this relate to the LLC and effect the step up in basis for the individuals?
Any comments would be appreciated
Thank you
Post #590
Posted 5/19/2008 6:46:13 PM
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You are valuing the entity instead of the individual stocks, so your step-up will be to the value of the entity instead of to the actual stocks.

Of course the value of the securities will be the first step in determining the value of the entity. Since the spouse owned 50% or less of the entity, there should be a discount when looking at the entity.

It's likely that the "step up" won't be recognized until the LLC is liquidated.

Mary Kay Foss

Post #592
Anonymous
Posted 5/20/2008 12:13:55 PM




and consider 754 election
Post #593
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