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QUESTION 16 Andrew inherited stock from his grandmother in the current year. His grandmother had a basis in the stock of $5,000 and the stock

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QUESTION 16 Andrew inherited stock from his grandmother in the current year. His grandmother had a basis in the stock of $5,000 and the stock was valued at $25,000 at the date of her death. The value of the stock was $28,000 when he actually received the stock. He sold the stock 4 months after receiving it for $29,000, Assuming the alternative valuation date was not used, what is Andrew's basis in the stock? a $25,000 b. $29,000 $5,000 d. $28.000

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