EFTA01221462Set 9
2010-12-1721p7,870w
estate tax and to have 500,000 155,800 35
the prior carryover basis rules apply. Under these rules,
the decedent's basis carried over to the recipients ... spouse, thus increasing
decedent's death escapes tax.
the available exclusion.
Under the modified carryover basis that had been
Example. Gina Parsons died in 2011 with a taxable
in place ... Comment. For 2010, it remains $1 million, as under ■ no estate tax and modified carryover basis
prior law. Unlike the estate tax exclusion amount, the gift rules.
tax exclusion amount
https://www.justice.gov/epstein/files/DataSet%209/EFTA01221462.pdf
EFTA00603557Set 9
2013-08-2914p4,943w
estate tax? Possible effect on formula provisions and the 2009-10
difficulties of modified carryover basis: extenders bill and carried interest: proposed
stock transactions tax; importance of keeping beneficiary designations ... bill (H.R. 436); basic planning points; basis adjustment 2009-02
rules, including modified carryover basis in 2010; "The Rangel Rule- (H.R. 735); intra-
family loans
01/12/09 Suspension of 2009 required ... proposals, H.R. 8, "The Death Tax Elimination Act of 2000," 2001-08
carryover basis and "dynamic versus "static" scoring
03/23/01 Competing stimulus bills and possible estate tax relief
https://www.justice.gov/epstein/files/DataSet%209/EFTA00603557.pdf