X
Home   |  News & Events   |  The New Duty of Consistency and Reporting for Estate Tax Purposes

The New Duty of Consistency and Reporting for Estate Tax Purposes

Sep 03, 2015
   |   
John A. Hargtog
   |   

Investment assets acquired from a decedent receive a new income tax basis equal to their fair market value as of the decedent’s death. Until now, a decedent’s beneficiary could claim a basis greater than that reported on the estate tax return, avoiding a capital gain or related income tax on the difference.

Download PDF

Tags : Estate Tax

Related Posts

Investment assets acquired from a decedent receive a new income tax basis equal to their fair market[..]

If one becomes incapacitated and does not have the right legal documents in place, no one can legally make health care and financial decisions for that person. What can you do to avoid this scenario?

John L. McDonnell, Jr. named to Best Lawyers in America for 2020. Recognized for his professional abilities, John was nominated by leading lawyers in the Trusts & Estates practice in Northern California.