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Brian Bradley purchased property for $50,000 in 2008. The property was valued at $200,000 on May 14th, 2016, when Brian died. His daughter, Anita, inherited

Brian Bradley purchased property for $50,000 in 2008. The property was valued at $200,000 on May 14th, 2016, when Brian died. His daughter, Anita, inherited the property. Six months later, on November 14th, 2016, the property was valued at $170,000. A. What is Anita's basis in the property? B. If the executor of Brian's estate elected the alternate valuation date, what is Anita's basis? C. If the executor elected the alternate valuation date, but distributed the property on August 18th, 2016, what is Anita's basis? D. If the executor elected the alternate valuation date, but distributed the property on December 22nd, 2016, what is Anita's basis? E. If Anita sells the property on December 27th, 2016, will she have short-term or long-term gain or loss? Show all work.

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