transferred basis property

(43) Transferred basis property The term “transferred basis property” means property having a basis determined under any provision of subtitle A (or under any corresponding provision of prior income tax law) providing that the basis shall be determined in whole or in part by reference to the basis in the hands of the donor, grantor, or other transferor.

Source

26 USC § 7701(a)(43)

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Scoping language

None identified, default scope is assumed to be the parent (chapter 79) of this section.

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