Assertion: basis | /r/CapableOf | equal fair market value of the asset
Facets:
value: at the time
type: TEMPORAL
Source sentences:
text: Under IRC § 1014(a), which applies to an asset that a person (the beneficiary) receives from a giver (the benefactor) after the benefactor dies, the general rule is that the beneficiary's basis equals the fair market value of the asset at the time the benefactor dies.