Ala. Admin. Code r. 810-3-6-.14

Current through Register Vol. 43, No. 1, October 31, 2024

Section 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

Ala. Admin. Code r. 810-3-6-.14

New Rule: Filed April 28, 1999; effective June 2, 1999.

Statutory Authority:Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-18-6.