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Shar ondied on February 22, Year 7 with a gross estate of $5,920,000, in her will, she left her vacation home in Florida to her
Shar ondied on February 22, Year 7 with a gross estate of $5,920,000, in her will, she left her vacation home in Florida to her daukhter and her vacation home in South Carolina to her son. Sharon had purchased the Florida home for $232,000 and the South Caroling? houne for $346,000. Fili mar ket values for the homes were as follows: The excutor of the estate properly elected the altemate valuation date. The Florida home was distributed on July 29 and the South Carohina home was distributed on Octotier 31 . What are the daughter and son's basis in the homes, respectively? Donshicers bases Soms basis 5 What is the holding period for the daughter and son
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