How Treasury and the IRS Have Allowed High-Net-Worth Taxpayers to Exploit Stepped-Up Basis on Intergenerational Wealth Transfers, and How They Can Stop It: Answers to Question for the Recorddoi:10.2139/ssrn.4024396stepped-up basisintentionally defective grantor trustsTreasury regulations...
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even though they did not have any control over the fork and did not intentionally plan for or purchase the new coins. The recipient’s basis in the newly acquired cryptocurrency is the fair market
The passive loss rules usually prevent the deduction of rental real estate losses, but there are two important exceptions. First, if you actively participate in the renting of your property, you can deduct up to $25,000 of loss against your other income. This $25,000 allowance phases ou...