step transaction doctrine

noun

Legal Definition of step transaction doctrine

: a doctrine in tax law: a series of separate but related transactions may be viewed as a single transaction and the tax liability may be based on that transaction rather than the individual transactions in the series

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Dictionary Entries Near step transaction doctrine

stepped-up basis

step transaction doctrine

stet

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Cite this Entry

“Step transaction doctrine.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/step%20transaction%20doctrine. Accessed 8 Dec. 2021.

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