Business, 29.02.2020 00:10 shortiibrownskiin
If property is inherited by a taxpayer, a. At sale date, the recipient will not have a gain or loss even if the recipient has held the property for more than a year. b. To the recipient, the basis for the property is the same as the basis to the decedent. c. At sale date, the basis of the property to the recipient differs depending on whether the property was sold at a gain or a loss. d. In general, the basis to the recipient is the fair market value at the decedent's date of death.
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If property is inherited by a taxpayer, a. At sale date, the recipient will not have a gain or loss...
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