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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: donjuan_demarco who wrote (49996)	10/20/2000 6:32:21 PM
From: donjuan_demarco	Respond to of 769667

It was section 1014. Now let's see Ish the Moron provide some authority for his claims. Sec. 1014. Basis of property acquired from a decedent STATUTE (a) In general Except as otherwise provided in this section, the basis of property in the hands of a person acquiring the property from a decedent or to whom the property passed from a decedent shall, if not sold, exchanged, or otherwise disposed of before the decedent's death by such person, be - (1) the fair market value of the property at the date of the decedent's death, or (2) in the case of an election under either section 2032 or section 811(j) of the Internal Revenue Code of 1939 where the decedent died after October 21, 1942, its value at the applicable valuation date prescribed by those sections, or (3) in the case of an election under section 2032A, its value determined under such section.