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Treasury Cuts 'Zero Basis' Rule In Final Estate Tax Regs

By Law360 Staff ( September 16, 2024, 4:27 PM EDT) -- The U.S. Treasury Department on Monday said it would not keep a rule that set a zero value for the unreported property of an estate in final regulations on the requirement that an heir's basis in inherited property be consistent with the property's value for estate tax purposes....

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