For tax purposes,a deceased taxpayer is considered to have sold all of their assets on the date of their death.This is called the

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The term used for tax purposes when a deceased taxpayer is considered to have sold all of their assets on the date of their death is referred to as the deemed disposition. This means that any capital gains or losses will need to be calculated and reported on the final tax return of the deceased.

For Tax Purposes,a Deceased Taxpayer Is Considered to Have Sold