If the transferor of property which is considered a 351 exchange, never recognizes the gain and he leaves the stock to his wife in his will, what is the impact to the wife? What if he leaves the stock to his estate to be divded among his family members?© BrainMass Inc. brainmass.com June 4, 2020, 3:12 am ad1c9bdddf
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When stocks received as consideration for a Section 351 exchange are willed, then the basis of the assets inherited is the tax basis of the property exchanged by the testator. Nevertheless, there is this rule as regards the determination of the tax basis of inherited assets which is ...
The expert examines section 351.