AICPA Comments to IRS on Carryover Basis Guidance - Dec. 3 ...

Dec 03, 2010 · Under prior law, gain from the sale of a decedent’s property was generally treated as long-term capital gain even if a year had not elapsed between the date the decedent purchased the property and the date the estate or beneficiary sold it. Section 1223(9) does not apply to property acquired from a decedent who died in 2010. ................
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