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Betty died on April 10. Her son, Bobby, received her home valued as follows: FMV on 4/10 $300,000 FMV on 10/10 $325,000 The home was

Betty died on April 10. Her son, Bobby, received her home valued as follows: FMV on 4/10 $300,000 FMV on 10/10 $325,000 The home was distributed on June 5 when the home had a FMV of $305,000. If the Executor properly elected the alternate valuation date, what is Bobby's basis in the home?

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