Download This PaperDeath and the Tax Benefit Rule
9 Pages Posted: 13 Nov 2017 Last revised: 18 Jan 2018
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: Suggested Citation
Johnson, Calvin Harsha, Death and the Tax Benefit Rule (May 28, 2017). Tax Notes, May 2017, U of Texas Law, Public Law Research Paper No. 668, Available at SSRN: https://ssrn.com/abstract=3070245
Calvin Harsha Johnson (Contact Author)
University of Texas at Austin - School of Law ( email )
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United States
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