Taxing Joint Tenancy Property
Taxing Joint Tenancy Property
Date
1992-11-20
Authors
Harl, Neil
Harl, Neil
Harl, Neil
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Altmetrics
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Harl, Neil
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Iowa State University Digital Repository
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Iowa State University Digital Repository
Abstract
Although joint tenancy (and tenancy by the entirety in the few states where that form of co-ownership is recognized) is apparently used less frequently than three or four decades ago, joint ownership is still widely used, particularly for real property co-ownership.
A recent decision has focused attention on the issue of income tax basis of joint tenancy (or tenancy by the entirety) property after the death of the first joint tenant to die.