INTERNAL REVENUE SERVICE ISSUES RULE: CONSISTENT BASIS REPORTING BETWEEN ESTATE AND PERSON ACQUIRING PROPERTY FROM DECEDENT; CORRECTION

WASHINGTON, March 19 -- Internal Revenue Service has issued a rule called: Consistent Basis Reporting Between Estate and Person Acquiring Property From Decedent; Correction.

The rule was published in the Federal Register on March 19 by Kalle L. Wardlow, Federal Register Liaison, Publications and Regulations Branch, Associate Chief Counsel, (Procedure and Administration).

Summary: This document contains corrections to a final rule (TD 9991), which was published in the Federal Registeron Tuesday, September 17, 2024 (89 FR 76356). That document inadvertently overwrote some previous language, and this document corrects the final regulations.

For more information, contact Concerning section 1014(f), Donna Douglas at 202-317-6859; concerning s...