Carryover Basis Provisions of the Tax Reform Act of 1977
Tax Lawyer, Vol. 31, No. 1, p. 191, 1977
37 Pages Posted: 11 Jul 2010
Date Written: 1977
Abstract
In 1997, Congress repealed the I.R.C. section 1014 Stepped-up basis provisions for property received from a decedent. It replaced the provisions with Section 1023, which provided for the decedent's basis to carry-over to the recipients. Although many commentators found the provisions unduly complicated, the authors herein explain the steps in an understandable manner.
Keywords: Basis, tax law
Suggested Citation: Suggested Citation
Willis, Steven J., Carryover Basis Provisions of the Tax Reform Act of 1977 (1977). Tax Lawyer, Vol. 31, No. 1, p. 191, 1977, Available at SSRN: https://ssrn.com/abstract=1638459
Here is the Coronavirus
related research on SSRN
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.
