Property Eligible for Increase to Basis(p3)

Generally, the executor can allocate additional basis under section 1022 (up to the FMV of the property) to property acquired from the decedent that was owned by the decedent at the time of death.

The basis of property acquired from the decedent can be increased by an allocation of Basis Increase only if and to the extent the property was owned by the decedent at the time of death.

For information about ownership, see Rules relating to ownership, in the Instructions for Form 8939.