Handling Prepaid Expenses at Death

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T02:48:25.000
dc.date.accessioned 2020-06-29T22:54:56Z
dc.date.available 2020-06-29T22:54:56Z
dc.date.embargo 2017-11-15
dc.date.issued 2007-01-19
dc.description.abstract <p>Assets held until death, other than for assets producing income in respect of decedent,<strong>1 </strong>generally receive a new income tax basis at death.<strong>2 </strong>The basis of income in respect of<strong> </strong>decedent items, by contrast, is not adjusted at death, under the theory that the income is<strong> </strong>too close to being earned.<strong>3 </strong>Income in respect of decedent assets carry over the decedent’s<strong> </strong>basis into the hands of the heirs or other successor to the decedent.<strong>4</strong></p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol18/iss2/1/
dc.identifier.articleid 1861
dc.identifier.contextkey 11053698
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol18/iss2/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3326
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol18/iss2/1/AgLawDigest_v18n02_01.pdf|||Fri Jan 14 17:50:25 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 Handling Prepaid Expenses at Death
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 54bccf0f-68e3-41d3-a325-bfb919509cf9
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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