19

Question 19 (1 point) Frank purchased land for $200,000 in 2009. In 2012. Frank put his sister, Gina, on the title as joint tenancy with right of survivorship. Frank died in 2020 and Gina became the sole owner of the land. At the time of his death, Frank's land was worth $300,000. What is Gina's survivor basis in this land after Frank's death? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! A Question 20 (1 point) Ted inherits stock from his father. The father paid $100,000 for the stock but it was worth $130,000 at the date of his death. Ten months after inheriting the property, Ted sold the stock for $140,000. What is the result of Ted's sale? Ted has a long-term capital gain of $10,000