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Deductions & credits
@Opus 17 wrote:
I don't understand your concern. Under my suggestion that the taxpayer use constructive receipt, the property was received when probate was complete (Jan 2022). Under your argument, property was received when probate was complete (Jan 2022). What's the problem?
My concern was not with the outcome but with whether constructive receipt applies in this context. Other people may be reading this post in the future and might rely on it with a different set of facts. I was asking you for why you thought constructive receipt (and income tax regulation) applied in the context of an estate/gift/inheritance issue. It isn't clear to me that it applies and I can't find authority for it. So I was asking for clarification.
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‎April 9, 2022
11:00 AM