In a Property Division as Part of a Divorce, the Basis

question 24

Short Answer

In a property division as part of a divorce, the basis of the property in the hands of the transferee is the same as the basis of the property in the hands of the .

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Definitions:

Income Groupings

Categorizations of individuals, households, or countries based on income levels, used for statistical and analytical purposes.

Consumption Expenditures

Spending by households on goods and services, with the exception of purchases of new housing.

Effective Marginal Tax Rate

The rate at which an additional dollar of income gets taxed, taking into account the impact of all applicable tax brackets.