Abigail's hobby is sculpting. During the current year, Abigail sold three of her sculptures for a total of 53, 204. Her related expenses include 51, 500 in utilities. $0. $1, 500 in utilities and $1, 200 in supplies. $1, 500 in utilities, $1, 200 in supplies, and $500 in depreciation. $1, 500 in utilities, $1, 200 in supplies, and $900 in depreciation. In a common law state, jointly owned property left to the surviving spouse will have a basis after the estate is settled equal to the decedent's basis before death. the total fair market value of the entire property at the date of death (the alternative valuation date was not elected). the total fair market value of the entire property at the date of death (the alternative valuation date was not elected). half of the fair market value of the entire property at the date of death (the alternative valuation date was not elected). half of the basis just before death, plus half of the fair market value at the date of death (the alternative valuation date was not elected). Victor, a calendar - year taxpayer, owns 100 shares of AB corporation stock, which was purchased 3 years age for $5,000. Victor sells all 100 stocks $0. $400. $600. $1,000. If a nontaxable stock dividend is received and is not the same type of stock as that owned before the dividend, the original stock's basis is allocated to all based on the par value of the stock. equally to all shares owned after the stock dividend. based on relative fair market values at the time of the stock dividend. none of the above. Melody inherited 1,000 shares of corporation Eapps stock from her mother who died on march 4 of the current year, her mother $30,000 $65,000 $70,000