§ 6035. Basis information to persons acquiring property from decedent
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/usc/title-26/section-6035A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Information with respect to property acquired from decedents
(1)In general The executor of any estate required to file a return under section 6018(a) shall furnish to the Secretary and to each person acquiring any interest in property included in the decedent’s gross estate for Federal estate tax purposes a statement identifying the value of each interest in such property as reported on such return and such other information with respect to such interest as the Secretary may prescribe.
(2)Statements by beneficiaries Each person required to file a return under section 6018(b) shall furnish to the Secretary and to each other person who holds a legal or beneficial interest in the property to which such return relates a statement identifying the information described in paragraph (1).
(3)Time for furnishing statement
(A)In general Each statement required to be furnished under paragraph
(1)or
(2)shall be furnished at such time as the Secretary may prescribe, but in no case at a time later than the earlier of—
(i)the date which is 30 days after the date on which the return under section 6018 was required to be filed (including extensions, if any), or
(ii)the date which is 30 days after the date such return is filed.
(B)Adjustments In any case in which there is an adjustment to the information required to be included on a statement filed under paragraph
(1)or
(2)after such statement has been filed, a supplemental statement under such paragraph shall be filed not later than the date which is 30 days after such adjustment is made.
(b)Regulations The Secretary shall prescribe such regulations as necessary to carry out this section, including regulations relating to—
(1)the application of this section to property with regard to which no estate tax return is required to be filed, and
(2)situations in which the surviving joint tenant or other recipient may have better information than the executor regarding the basis or fair market value of the property.
(Added Pub. L. 114–41, title II, § 2004(b)(1), July 31, 2015, 129 Stat. 455.)
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U.S. Code
statute-compilations
statutes-at-large
- Public Law 97–248To provide for tax equity and fiscal responsibility, and for other purposes
- Public Law 114–41To provide an extension of Federal-aid highway, highway safety, motor carrier safety, transit, and other programs funded out of the Highway Trust Fund, to provide resource flexibility to the Department of Veterans Affairs for health care services, and for other purposes
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- Pub. L. 114–41, title II, § 2004(b)(1)
- 129 Stat. 455
- act Aug. 16, 1954, ch. 736
- 68A Stat. 743
- Pub. L. 94–455, title XIX, § 1906(b)(13)(A)
- 90 Stat. 1834
- Pub. L. 97–248, title III, § 340(a)
- 96 Stat. 633
- Pub. L. 108–357, title IV, § 413(c)(26)
- 118 Stat. 1509
- section 2004(d) of Pub. L. 114–41
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§ 6035
Basis information to persons acquiring property from decedent
Stat.×3
Fed. Reg.×2
U.S.C.×2
Stat. Comp.×1
Pub. L.Pub. L. 114–41, title II, § 2004(b)(1)
Stat.129 Stat. 455
Actact Aug. 16, 1954, ch. 736
Stat.68A Stat. 743
Pub. L.Pub. L. 94–455, title XIX, § 1906(b)(13)(A)
Cites 12 · showing 6Cited by 8 across 4 sources