Suzette inherited property from her father on April 19, 2021. The FMV at the date of death was $45,000The property was worth $43,000 six months later and had a basis to Suzette's father of $25,000. Required: a. What is the basis of the inherited property to Suzette the alternate valuation date was not elected? If this property qualifies for using the alternate valuation date? bSuzette sold the property on November 1, 2021, for $48,750, what are the amount and nature of the gain 1. If the alternate valuation date was not elected ? 2. If this property qualifies for using the alternate valuation date?

5uzette inherited property from her father on April 19, 2021. The FMV ot the date of death was $45,000. The property was worth $43,000 six months later and had a basis to 5uzettes father of $25,000. Required: a. What is the basis of the inherited property to Suzette 1. If the oliernate valisation date was not elected? 2. If this property qualifies for using the alternate valuation date? b. If Suzette sold the property on November 1, 2021, for $48,750, what are the amount and nature of the gain 1. If the alternate valuation date was not elected? 2. If this property qualifies for using the alternate valuation date? Complete this question by entering your answers in the tabs below. 2. What is the bass of the inherited property to surette, if the alternate valuation date was not electert? 2. What is the basic of the inharited property to sucette, If this property qualifies for using the altemate valuabion date