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Gain Realized in Life Should Not Disappear by a Step-Up in Basis

8 Pages Posted: 10 Nov 2017  

Calvin H. Johnson

University of Texas at Austin - School of Law

Date Written: September 4, 2017

Abstract

The Article argues that amounts realized in life should not disappear because of step-up in basis at death, even when Congress has enacted nonrecognition provisions that allow the tax to be deferred. The proposal is the third of three Shelf Projects designed go prune back the basis step-up under section 1014.

Suggested Citation

Johnson, Calvin H., Gain Realized in Life Should Not Disappear by a Step-Up in Basis (September 4, 2017). Tax Notes, Vol. 156, No. 10, 2017. Available at SSRN: https://ssrn.com/abstract=3068814

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)

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