Income in Respect of a Decedent (IRD) 2026: The §691(c) Deduction Explained
A practical 2026 guide to Income in Respect of a Decedent under IRC §691: why inherited IRAs, pensions, deferred comp, and accrued rent are taxed to the heir, why there is no step-up in basis, how the §691(c) estate tax deduction eases double taxation, and how to manage brackets.