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Title 26 — Internal Revenue CodeRelease 119-73

§6035 Basis Information to Persons Acquiring Property From Decedent

Title 26 › Subtitle Subtitle F— Procedure and Administration › Chapter 61— INFORMATION AND RETURNS › Subchapter A— Returns and Records › Part III— INFORMATION RETURNS › Subpart A— Information Concerning Persons Subject to Special Provisions › § 6035

Last updated Apr 6, 2026|Official source

Summary

When an estate is large enough to require a federal estate tax return, the executor must send a statement to the IRS and to each person who inherits property from the estate. The statement shows the value of each piece of property as reported on the estate tax return, so heirs and the IRS work from the same numbers. The statement is due no later than 30 days after the return was due (with extensions) or 30 days after it was actually filed, whichever comes first. If the reported information later changes, a corrected statement is due within 30 days of the change.

Full Legal Text

Title 26, §6035

Internal Revenue Code — Source: USLM XML via OLRC

(a)(1)The executor of any estate required to file a return under section 6018(a) shall furnish to the Secretary and to each person acquiring any interest in property included in the decedent’s gross estate for Federal estate tax purposes a statement identifying the value of each interest in such property as reported on such return and such other information with respect to such interest as the Secretary may prescribe.
(2)Each person required to file a return under section 6018(b) shall furnish to the Secretary and to each other person who holds a legal or beneficial interest in the property to which such return relates a statement identifying the information described in paragraph (1).
(3)(A)Each statement required to be furnished under paragraph (1) or (2) shall be furnished at such time as the Secretary may prescribe, but in no case at a time later than the earlier of—
(i)the date which is 30 days after the date on which the return under section 6018 was required to be filed (including extensions, if any), or
(ii)the date which is 30 days after the date such return is filed.
(B)In any case in which there is an adjustment to the information required to be included on a statement filed under paragraph (1) or (2) after such statement has been filed, a supplemental statement under such paragraph shall be filed not later than the date which is 30 days after such adjustment is made.
(b)The Secretary shall prescribe such regulations as necessary to carry out this section, including regulations relating to—
(1)the application of this section to property with regard to which no estate tax return is required to be filed, and
(2)situations in which the surviving joint tenant or other recipient may have better information than the executor regarding the basis or fair market value of the property.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 6035, act Aug. 16, 1954, ch. 736, 68A Stat. 743; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 97–248, title III, § 340(a), Sept. 3, 1982, 96 Stat. 633, related to information returns of officers, directors, and shareholders of foreign personal holding companies, prior to repeal by Pub. L. 108–357, title IV, § 413(c)(26), (d)(1), Oct. 22, 2004, 118 Stat. 1509, 1510, applicable to taxable years of foreign corporations beginning after Dec. 31, 2004, and to taxable years of United States shareholders with or within which such taxable years of foreign corporations end.

Statutory Notes and Related Subsidiaries

Effective Date

Section applicable to property with respect to which an estate tax return is filed after July 31, 2015, see section 2004(d) of Pub. L. 114–41, set out as an

Effective Date

of 2015 Amendment note under section 1014 of this title.

Reference

Citations & Metadata

Citation

26 U.S.C. § 6035

Title 26 — Internal Revenue Code

Last Updated

Apr 6, 2026

Release point: 119-73