Estate Planning for Digital Assets: Assigning Tax Basis and Value to Digital Assets

Carter, Elizabeth Ruth

doi:10.2139/ssrn.2850156

Estate Planning for Digital Assets: Assigning Tax Basis and Value to Digital Assets

LSU 46th Annual Estate Planning Seminar, October 27-28th, 2016

30 Pages Posted: 14 Oct 2016

See all articles by Elizabeth Ruth Carter

Elizabeth Ruth Carter

Louisiana State University, Baton Rouge - Paul M. Hebert Law Center

Date Written: October 9, 2016

Abstract

These materials were prepared in conjunction with the LSU 46th Estate Planning Seminar. They explore the various types of digital assets -- including social media (Facebook, Twitter, Linked In, etc.), audiobooks, music and video files, and bitcoin -- and the estate planning challenges these assets present. These material also consider the federal estate and gift tax issues posed by digital assets, including questions related to small business valuation.

Keywords: digital assets, estate planning, tax basis, estate tax, gift tax

JEL Classification: K34, K36

Suggested Citation: Suggested Citation

Carter, Elizabeth Ruth, Estate Planning for Digital Assets: Assigning Tax Basis and Value to Digital Assets (October 9, 2016). LSU 46th Annual Estate Planning Seminar, October 27-28th, 2016, Available at SSRN: https://ssrn.com/abstract=2850156 or http://dx.doi.org/10.2139/ssrn.2850156