Is there a maximum time limit?
2047 is the date the assets must be sold by.
Supposedly, the time limit is the end of 2048, but don't be surprised if they eventually change that.
The final date to take advantage of the step-up in basis is in 2047.
Until December 31, 2047 when you must sell and/or make an election to exempt appreciation by then. We would expect additional guidance in this area in the coming years.
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