Jesse's grandfather dies on April 13 of the current year. Jesse inherits the following property: Property Basis FMV-April 13 FMV-Oct. 13 Land $5,000 $20,000 $13,000 Stock 14,000 10,000 12,000 Watch 50 500 500 a. What is Jesse's basis in the inherited property? 30,500 b. What is Jesse's basis in the property if the executor the estate elects the alternate 25,500 valuation date? C. Assume that the executor elects the alternate valuation date and distributes title to the land 27,500 X to Jesse on June 23 of the current year, when the fair market value of the land is $17,000. What is Jesse's basis in her inherited property? d. 25,500 Assume that the executor elects the alternate valuation date and distributes the property to Jesse on December 2 of the current year, when the fair market values are $15,000 for the land, $11,500 for the stock, and $500 for the watch. What is Jesse's basis in her inherited property