Form 8939

By: Martin M. Shenkman, CPA, MBA, JD

“Allocation of Increase in Basis for Property Acquired From a Decedent.” When finalized, Form 8939 will be required for the estates of those dying in 2010 who have opted to apply the carryover basis rules instead of the estate tax for 2010, and which have more than $1.3 million of non-cash assets at the date of death. This new form reports the allocation of the carryover basis increases.

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