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3. (2 points) As sole heir, Daisy receives all of Mary's property (A/B: 11,400,000 and FMV $13,820,000). Six months after Mary's death, the property is
3. (2 points) As sole heir, Daisy receives all of Mary's property (A/B: 11,400,000 and FMV $13,820,000). Six months after Mary's death, the property is worth $13,855,000. a. May the estate elect the alternate valuation date? b. What is Daisy's basis in the property received
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