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Johnny died in 2022 with a gross estate of $10,000,000. Six months after death, the gross estate is valued at $8,000,000. Johnny did not make
Johnny died in 2022 with a gross estate of $10,000,000. Six months after death, the gross estate is valued at $8,000,000. Johnny did not make any taxable gifts during his lifetime. Included in the gross estate was Microsoft stock that had a date of death value of $1,000,000 and a value six months after death of $800,000. What is the basis of the stock to the beneficiary?
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