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6. Inherited Property. (Obj. 1) Terry purchased 5,000 shares of Ferrero Corporation stock in 200 for various dates follow for $60,000. Terry died on December

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6. Inherited Property. (Obj. 1) Terry purchased 5,000 shares of Ferrero Corporation stock in 200 for various dates follow for $60,000. Terry died on December 11, 2016, leaving the stock to his daughter Debra received the stock on April 26, 2017. The FMV of the stock December 11, 2016 April 26, 2017 June 11, 2017 $80,000 78,000 77,000 a. Debra sells the stock for $75,000 on August 28, 2017. What is Debra's recognized gir or loss from the sale if the executor uses date of death (DOD) to value the estate b. Same as in Part a. except that the executor uses the alternative valuation date (AVD) c. Assume instead that Debra received the stock on August 17, 2017, when the FMo the stock was $79,000. What is Debra's recognized gain or loss if the executor uses DOD to value the estate? d. Same as in Part c. except that the executor uses the AVD to value the estate

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