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Death and the Tax Benefit Rule

8 Pages Posted: 13 Nov 2017  

Calvin H. Johnson

University of Texas at Austin - School of Law

Date Written: May 28, 2017

Abstract

The Viewpoint argues that the Tax Court in Estate of Backemeyer erroneously allowed a double deduction for farm supplies instead of applying the tax benefit rule. The Viewpoint also proposes an alternative remedy to treat expensed items as having no basis because they are not capital to which the basis step-up of section 1013 applies.

Suggested Citation

Johnson, Calvin H., Death and the Tax Benefit Rule (May 28, 2017). Tax Notes, May 2017. Available at SSRN: https://ssrn.com/abstract=3070245

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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