This final section elaborates on establishing carryover basis in situations involving inheritances, focusing on changes established under EGTRRA (the Economic Growth and Tax Relief Reconciliation Act of 2001). Included are discussions of operating loss carryover, unused built-in losses, qualified spousal property, and property transferred prior to or after death. Marital planning, including QTIP trusts and allocation of basis issues, are explored.
Gruer, Sharon Kovacs
"Basis in Inheritance after EGTRRA,"
Marquette Elder's Advisor:
1, Article 6.
Available at: http://scholarship.law.marquette.edu/elders/vol5/iss1/6