What Dies with the Taxpayer?

Death can provide significant tax benefits through the step-up in basis, but it can also permanently eliminate valuable tax attributes that, if not properly planned for, disappear with the taxpayer. From charitable contributions and capital loss carryforwards, to net operating losses (NOL) and passive activity losses, understanding which provisions expire and which survive can help […] The post What Dies with the Taxpayer? appeared first on The CPA Journal.

This article is sourced from David M. Barral, CPA/PFS, CFP. Click below to read the complete article on their official website.