Problem 14-47 (LO. 3) As sole heir, Dazie receives all of Mary's property...
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Problem 14-47 (LO. 3) As sole heir, Dazie receives all of Mary's property (adjusted basis of $10,400,000 and fair market value of $13,820,000). Six months after Mary's death in 2018, the fair market value is $13,835,000. a. Assuming an estate return is filed, can the executor of Mary's estate elect the alternate valuation date and amount? No Feedback Check My Work b. Dazie's basis for the property is Feedback Check My Work c. Assume instead that the fair market value six months after Mary's death is $13,800,000. Assuming an estate return is filed, can the executor of Mary's estate elect the alternate valuation date and amount? Yes Dazie's basis for the property is s
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