United States IRC sections
Statute section
IRC section 1014
Basis of property acquired from a decedent
Country
United States
Section
1014
Updated
2026-05-20
Operative text
Section 1014 establishes the so-called stepped-up basis rule for property acquired from a decedent. The basis of inherited property is generally the fair market value on the date of death (or alternate valuation date), eliminating the recipient's unrealized gain attributable to the decedent's holding period.
Cross-references
26 U.S.C. 101526 U.S.C. 2031
Related guides
Related cases
Related citations
Computed from the cross-reference graph. Links open the related entity on this site.
This entry cites
- StatuteIRC §2031
- CaseCrane v. Commissioner
Cited by
- CaseCrane v. Commissioner
- CaseEstate of Smith v. Commissioner
- StatuteIRC §691
Primary sources
- 26 U.S.C. section 1014Verified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.