IRC §1022 Basis Adjustment Rules for Property Owned by and Acquired from 2010 Decedents

Unless the executor of the estate of an individual who died in 2010 makes the Internal Revenue Code §1022 election, the estate is subject to the federal estate tax. If the executor makes the IRC §1022 election, neither the estate tax law nor IRC §1014 applies, and the basis of property...

IRC §1022 Basis Adjustment Rules for Property Owned by and Acquired from 2010 Decedents

Unless the executor of the estate of an individual who died in 2010 makes the Internal Revenue Code §1022 election, the estate is subject to the federal estate tax. If the executor makes the IRC §1022 election, neither the estate tax law nor IRC §1014 applies, and the basis of property...