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9. The following taxpayers need help in determining their current adjusted basis. Complete the last column.(14 points) Taxpayer Property Cost* Detail Adjusted Basis Type A
9. The following taxpayers need help in determining their current adjusted basis. Complete the last column.(14 points) Taxpayer Property Cost* Detail Adjusted Basis Type A Stock 100,000 A purchased 100 shares in 2015. The stock split in 2018. In 2019, A received a 10% stock dividend B Stock 100,000 Given to B by B's father in 2018 when it was worth $70,000. If sold today, B would get $50,000 Stock 100,000 Inherited by C when it was worth $190,000. Executor selected the Alternative Valuation Date when it was worth $185,000 D Building 300,000 Converted to business when it was worth $210,000. Since then, $40,000 of depreciation taken E Building 300,000 E's family has lived here for many years. Current value is $210,000 despite major renovation improvement made in 2017 that cost $40,000. *This may be the cost experienced by a previous owner if not purchased by the current owner What could happen that would change any of your answers? Indicate which taxpayer
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