Trusts & Estates
In the context of an installment sale, gain is not recognized at the time of the grantor's death, and the income in respect of a decedent regime, largely contained in Internal Revenue Code Section 691, cannot apply. The basis of these conclusions is discussed.
Mitchell M. Gans and Douglas J. Blattmachr,
No Gain at Death: in the Context of an Installment Sale, Gain is NOT Triggered by the Grantor's Death - and the IRD Regime is NOT Applicable, 149 34
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