skip to Main Content
(925) 253-1717

The New Duty of Consistency and Reporting for Estate Tax Purposes

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.

Leave a Reply

Your email address will not be published.

Back To Top