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Holding period of carryover basis property

by: Brighton, Gerald D. (Gerald David), 1920-; Boyd, Joseph L. joint author; University of Illinois at Urbana-Champaign. College of Commerce and Business Administration

Publication date: 1978

Topics: Inheritance and transfer tax

Publisher: [Urbana, Ill.] : College of Commerce and Business Administration, University of Illinois at Urbana-Champaign

Collection: university_of_illinois_urbana-champaign; americana

Contributor: University of Illinois Urbana-Champaign

Language: English

Volume: BEBR No. 488

"The paper calls attention to the fact that there was evidently an error of omission in the Tax Reform Act of 1976. New Section 1023 does not provide holding period rules for property acquired from a decedent dying after 1976. The paper suggests that it is not obvious that this oversight should be corrected if indeed it is an oversight, and also suggests what affected taxpayers might do in the interim, pending possible congressional action."