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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (48991)2/25/1999 6:38:00 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Tip, It has been 20 years since my last estate planning class and I just don't know. Never worked that side of the game.

MB



To: yard_man who wrote (48991)2/25/1999 6:43:00 PM
From: bluejeans  Respond to of 132070
 
Since it is the IRS it has to be complicated. Basis for gain purposes is a carryover basis. Basis for loss purposes is the lower of carryover basis or FMV at date of gift. Thus, in some cases there is no gain or loss.



To: yard_man who wrote (48991)2/25/1999 6:53:00 PM
From: Eggolas Moria  Read Replies (1) | Respond to of 132070
 
irs.ustreas.gov