1 votes

IRD (Income in Respect of a Decedent) deduction is a way
of offsetting the impact of double taxation (federal estate tax and income tax) on certain inherited assets. It’s an income tax deduction for the beneficiary (miscellaneous itemized deduction, not subject to limitations).

Suggested by: Walter Pardo Upvoted: 04 Jun Comments: 0

Under consideration

Add a comment

0 / 500

* Your name will be publicly visible

* Your email will be visible only to moderators