In a July 20 legal memorandum, the IRS ruled that beneficiaries of an estate were not entitled to the use of capital loss carryovers unused by the estate because they are not "beneficiaries succeeding to the property of the estate" under 642(h)(1).
See "Beneficiaries Aren't Entitled to Estate's Unused Capital Loss Carryovers," 2010 TNT 228-11 (July 20, 2010).
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.
See "Beneficiaries Aren't Entitled to Estate's Unused Capital Loss Carryovers," 2010 TNT 228-11 (July 20, 2010).
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.
Leave a comment