If property is received from a decedent, the taxpayer who inherits the property has the same basis in the property as the decedent.

Name: If property is received from a decedent, the taxpayer who inherits the property has the same basis in the property as the decedent.
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The basis of property inherited from a decedent is generally the fair market value of the property at the date of the decedent's death, not the decedent's original basis.

If Property Is Received from a Decedent, the Taxpayer Who