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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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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?

User Karthick Terror
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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.
User Leonid Zakharov
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