Disposition of Income-in-Respect-of-Decedent Assets

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T03:32:50.000
dc.date.accessioned 2020-06-29T22:55:12Z
dc.date.available 2020-06-29T22:55:12Z
dc.date.embargo 2017-11-15
dc.date.issued 2008-08-01
dc.description.abstract <p>Because of their peculiar income tax character, items of income in respect of decedent1 require careful planning attention, particularly with respect to post-death dispositions.2 With IRD assets not receiving a new income tax basis at death,3 the pre-death basis carries over to the estate or heirs with the gain taxable to the estate, the heirs, a beneficiary or a specific or residuary legatee.4 The income recognition event can lead to substantial income tax liability inasmuch as the income tax basis is often zero for the more common IRD items.5</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol19/iss15/1/
dc.identifier.articleid 1937
dc.identifier.contextkey 11058934
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol19/iss15/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3365
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol19/iss15/1/AgLawDigest_v19n15_01.pdf|||Fri Jan 14 17:50:33 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 Disposition of Income-in-Respect-of-Decedent Assets
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 6acf8ad6-4413-44ad-be04-fe4f6476dcb8
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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