Cut Negative Tax out of Step-Up at Death
13 Pages Posted: 7 Dec 2017
Date Written: December 6, 2017
Abstract
In this article, Johnson argues that Congress should exclude double deductions and negative taxes from the step-up in basis under section 1014. This proposal is the first of three Shelf Projects designed to prune back the basis step-up under section 1014.
The Shelf Project is a collaboration of tax professionals to propose and perfect ideas to protect and develop methods for raising revenue in ways that improve the fairness and efficiency of the tax system.
Suggested Citation: Suggested Citation
Johnson, Calvin Harsha, Cut Negative Tax out of Step-Up at Death (December 6, 2017). 156 Tax Notes 741 (Aug. 7, 2017) , U of Texas Law, Public Law Research Paper, Available at SSRN: https://ssrn.com/abstract=3083830
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