Business, Legal & Accounting Glossary
An Internal Revenue Service (IRS) term that shows the amount of inherited income that was actually earned by a decedent and that will be subject to federal income tax by the recipient / beneficiary. In this case, IRD represents the term Income in Respect of a Decedent.
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Definitions for Decedent (IRD) Deduction are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.