Income in Respect of Decedent

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dc.contributor.author Harl, Neil
dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-18T00:01:57.000
dc.date.accessioned 2020-06-29T22:51:46Z
dc.date.available 2020-06-29T22:51:46Z
dc.date.embargo 2016-10-21
dc.date.issued 1990-05-25
dc.description.abstract <p>In general, property held until death receives a new income tax basis equal to fair market value at death, the value of property as of the alternate valuation date or special use value in the case of land where that election is made. This is particularly advantageous in farm estates because raised animals and grain with a zero income tax basis receive a higher basis and consequent elimination of gain and the basis of machinery and equipment and farmland often is adjusted upward at death. However, for some assets the basis adjustment rule has a negative effect as a potential loss prior to death is eliminated as basis is adjusted downward as a result of death.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol1/iss14/1/
dc.identifier.articleid 1034
dc.identifier.contextkey 9297178
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol1/iss14/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/2863
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol1/iss14/1/AgLawDigest_v01n14_01.pdf|||Fri Jan 14 17:35:42 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 Income in Respect of Decedent
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isJournalIssueOfPublication afbb12bf-fbc7-461d-b23c-28e3b64201d1
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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