ABA Section of Real Property Trust and Estates and Section of Taxation Comment on Draft Form 8939

Several ABA sections including the Real Property, Trust and Estate and Taxation sections submitted comments on draft Form 8939, "Allocation of Increase in Basis for Property Acquired From a Decedent."  The comments seek further guidance to accurately complete the form.  The comments can be found at http://meetings.abanet.org/webupload/commupload/RP509000/newsletterpubs/ABA-Section-of-Real-Property-Trust-and-E-Draft-8939.pdf.

Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.