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September 16, 2024
2024-1701

Treasury releases final regulations on consistent basis reporting by estates and recipients of certain estate property

The Treasury Department released final regulations (TD 9991) on the requirement for estates and those who acquire property from decedents to report consistent basis information and the requirement for estate executors to report basis information to the IRS and the recipients of certain estate property. The final regulations adopt the 2016 proposed regulations (see Tax Alert 2016-0469) with some modifications. A Tax Alert is forthcoming.

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Published by NTD’s Tax Technical Knowledge Services group; Chris DeZinno, legal editor

 

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