Income in respect of a decedent (IRD)includes interest earned by a cash-basis taxpayer but not received by the taxpayer before death.

Question

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Income in respect of a decedent (IRD) is income earned by the deceased but not received before their death. This includes interest income that a cash-basis taxpayer has earned but not yet received. IRD is taxable to the person who inherits it.

Income in Respect of a Decedent (IRD)includes Interest Earned by a Cash-Basis