Catherine Hughes, attorney-adviser in Treasury's Office of Tax Legislative Counsel, announced that once guidance addressing carryover basis under section 1022 is completed, a new Form 8939, "Allocation of Increase in Basis for Property Acquired from a Decedent" would be produced.
"See, Long-Awaited estate planning guidance still in the works, treasury official says, 2011 TNT 121-4"
Posted by Adam Fleischer, Associate Editor, Wealth Strategies Journal
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