Reducing Basis in Debt Restructurings

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-18T12:40:21.000
dc.date.accessioned 2020-06-29T22:59:17Z
dc.date.available 2020-06-29T22:59:17Z
dc.date.embargo 2017-05-30
dc.date.issued 1993-10-15
dc.description.abstract <p>Frequently, as part of debt restructuring where indebtedness is discharged, the income tax basis of part or all of the debtor's assets is to be reduced. The procedures for reduction of basis vary some depending upon whether the discharge of indebtedness is in bankruptcy, is for a debtor who is insolvent but not in bankruptcy, is for a solvent farm debtor, or involves a purchase price reduction. In some instances, the basis is reduced down to the aggregate indebtedness on the property; in other instances, notably when the election is made to reduce the basis of the depreciable property first, the basis is to be reduced to zero.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol4/iss20/1/
dc.identifier.articleid 1207
dc.identifier.contextkey 10227717
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol4/iss20/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3969
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol4/iss20/1/AgLawDigest_v04n20_01.pdf|||Fri Jan 14 17:39:26 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Reducing Basis in Debt Restructurings
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 12d8e36e-61b6-48c9-ae2f-016353575ad8
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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