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leonardo, who is setting up his estate, is uncertain about the basis of assets received from the decedent in light of the repeal and reinstatement
leonardo, who is setting up his estate, is uncertain about the basis of assets received from the decedent in light of the repeal and reinstatement of estate taxes. however, the advisor should inform him that with the reinstatement of estate taxes, leonardo can reasonably expect the continuance of:
a)pro rata basis.
b)full stepped-up basis on death.
c)carryover basis.
d)substituted basis.
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