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Income Tax Planning
Chapter 10: Basis Rules, Depreciation, and Asset Categorization/BASIS AND SPOUSAL TRANSFERS
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Chapter Study Session

Chapter 10: Basis Rules, Depreciation, and Asset Categorization

BASIS AND SPOUSAL TRANSFERS

01.Core Concepts

• All transfers between spouses and incident to a divorce are treated as gifts. • Basis carries over. • Spouses are treated as a single economic unit.