...IF YOU OBTAIN PROPERTY BY INHERITANCE, bequest, or devise, its original basis to you will generally be its fair market value at the date of the decedent's death. However, if a Federal Estate Tax Return was required to be filed your original basis in the property...

...bequest, or devise, or from a decedent's estate, etc., the basis of the property to you will generally be its fair market value at the date of the decedent's death. A FEDERAL ESTATE TAX RETURN must be filed if the decedent's estate was over $60,000. Your basis for...

...contained in section 1014. to the effect that the basis of property acquired from a decedent shall be its fair market value at the date of the decedent's death (or optional valuation date), shall not apply to a restricted stock option which had not been exercised...

...contained in section 1014, to the effect that the basis of property acquired from a decedent shall be Its fair market value at the date of the decedent's death (or optional valuation date), shall not apply to a restricted stock option which had not been exercised...

...executors and beneficiaries in reliance upon the existing provisions. Explanation of provisions The bill postpones the effective date of the carryover basis...valuation provision is elected for estate tax purposes. With respect to property passing or acquired from decedents dying after 1976 and before the date of...

...Property Under existing law, the value of the property included in the gross estate of the decedent is its fair market value at the date of the decedent's death (or at the alternate valuation date) . One of the most important factors in determining fair market value is the...

...prior to the 1976 Tax Reform Act provided that property passing from a decedent would take as its basis its fair market value at the date of the decedent's death, or its value on an "alternative valuation date" six months after the decedent's death. The old rule resulted...

...bequest, or devise, or from a decedent's estate, etc., the basis of the property to you will generally be its fair market value at the date of the decedent's death. A Federal estate tax return must be filed if the decedent's estate was over $60,000. Your basis for...

...Revenue Act of 1978 postponed the effective date of the carryover basis provisions so that they only will apply to property acquired from decedents dying after...provision is elected for estate tax purposes. The Act provided that the basis of that farm or closely held business real property will be the amount determined...

...the basis of property passing or acquired from a decedent (within the meaning of Code sec. 1014(b)), will be its fair market value at the date of the decedent's...valuation provision is elected for estate tax purposes. With respect to property passing or acquired from decedents dying after 1976 and before November 7,...