Download this Paper Open PDF in Browser

Step-Up at Death but Not for Income

6 Pages Posted: 10 Nov 2017  

Calvin H. Johnson

University of Texas at Austin - School of Law

Date Written: August 21, 2017

Abstract

The article argues that the definition of property for the purposes of the Internal Revenue Code, section 1014 (step-up in basis at death) should include only capital interests and that ordinary income items – including compensation, things made or improved by the decedent, and inventory – should not get a step-up in basis at death. This proposal is the second of three Shelf Projects designed to prune back the basis step-up under section 1014.

Suggested Citation

Johnson, Calvin H., Step-Up at Death but Not for Income (August 21, 2017). Tax Notes, Vol. 156, 2017. Available at SSRN: https://ssrn.com/abstract=3068799

Calvin Johnson (Contact Author)

University of Texas at Austin - School of Law ( email )

727 East Dean Keeton Street
Austin, TX 78705
United States
512-232-1306 (Phone)
512-232-2399 (Fax)

Paper statistics

Downloads
18
Abstract Views
64