IRS Hot Asset Reg Re-Tuning Falls Flat, Causing Sharp Pain for Partner Estates

This article explores the impact on the estates of decedent partners and LLC members of the IRS amendments to the section 751 regulations that were promulgated in late 1999. Generally, the death of the partner or LLC member steps the estate's or other successor's basis in the partnership interest up...

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Journal Title: Tax Notes Vol. 94; no. 6; pp. 751 - 760
Authors: James Maule, Lisa Marie Starczewski
Format: Article
Published: 02/11/2002
Online Access: Full Text