Analyzing the Carryover Basis Election Impact on 2010 Estates 

Seminar recording | Presentation materials

Supplemental material:
Form 8939


The 2010 tax year shaped up to be a very interesting year, especially from an estate tax standpoint. For taxpayers dying in 2010, a critical decision needs to be made as to whether an estate should opt to be subject to the estate tax rules or be subject to the “modified carryover basis” rules.

During this seminar with Bob Keebler, the following topics are covered:

• Review of the 2010 “modified carryover basis” rules under IRC Section 1022

• Review of the basis step-up rules under IRC Section 1014
• Analyzing whether or not to opt into the “modified carryover basis” rules
• Addressing GST issues associated with 2010 estates
• Reporting requirements for estates choosing to pay estate tax in 2010
• Reporting requirements for estates electing into the “modified carryover basis” rules in 2010
• Special reporting requirements relating to Form 8939