The battle over the portion of value of property owned in joint tenancy (or tenancy by the entirety) receiving a new basis at death moved a notch closer to resolution with a 1998 Tax Court case. In that decision, Hahn v. Commissioner, the Tax Court agreed with five earlier cases that a surviving spouse may be entitled to a new income tax basis in 100 percent of the date of death value of property held in joint tenancy with a predeceased spouse.
"Basis For Joint Tenancy Property,"
Agricultural Law Digest: Vol. 9
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol9/iss7/1