Ala. Admin. Code r. 810-3-6-.14 - Basis Of Property Acquired From A Spouse Or Former Spouse
(1) The basis of
property received from a spouse or former spouse in a transaction in which a
gain or loss was determined under §
40-18-8(m),
Code of Ala. 1975, shall be determined in accordance
with 26 U.S.C. §
1041. For interpretation of federal statutes
adopted by the Alabama Legislature see Rule 810-3-1.1 -.01, Operating
Rules.
(2) Section
40-18-8(m)
concerns the transfer of property to a spouse or former spouse.
Author: Ed Cutter, CPA
Notes
Statutory Authority: Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-18-6.
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