Inheriting property? Be aware of the basis consistency rules
$225.00
Description
Abstract: Legislation enacted in 2015 can have a significant impact on many estates as well as on beneficiaries who inherit property from those estates. It provides that the income tax basis of property received from a deceased person cannot exceed the property’s fair market value as finally determined for estate tax purposes. This article details the basis consistency rules.
Additional information
| Year | |
|---|---|
| Niche | |
| Newsletter | |
| Issue | |
| Word Count |