Wednesday, August 5, 2015

New Rule On Reporting Basis In Inherited Property

Originally published by Gerry W. Beyer.

The IRS code has been amended adding new reporting requirements concerning the basis in inherited property. Subsection 1014(f) caps the basis a beneficiary may claim on inherited property at the basis reported by the estate on the final tax return….

Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.



from Texas Bar Today http://ift.tt/1KRgRfc
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