Harry and Freddi, a married couple, purchased 100 shares of Opaque Mutual Fund in 2005 for $2,800

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Harry and Freddi, a married couple, purchased 100 shares of Opaque Mutual Fund in 2005 for $2,800 as joint tenants with the right of survivorship. Freddi dies during the current year. The fair market value of the shares is $5,000 on the date of death. Six months later, the value is $5,100. Determine Harry’s basis in the 100 shares.

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Concepts In Federal Taxation 2021

ISBN: 9780357141212

28th Edition

Authors: Kevin E. Murphy, Mark Higgins, Randy Skalberg

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