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Suzette inherited property from her father on April 19,2022. The FMV at the date of death was $45,000. The property was worth $43.000 six months

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Suzette inherited property from her father on April 19,2022. The FMV at the date of death was $45,000. The property was worth $43.000 six months later and had a basis to Suzette's father of $25.000. Required: o. What is the basis of the inherited property to Suzette 1. If the alternate valuation date was not elected? 2. If this property qualifies for using the alternate valuation date? b. If Suzette sold the property on November 1,2022, 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. 1. What is the basis of the inherited property to suzette, if the alternate valuation date was not electod? 2. What is the basis of the inherted property to Suzette, if this property qualifes for using the alternate valuation date? 1. If Suzette sold the property on November 1,2022 , for $48,750, what are the amount and nature of the gain, if the alternate valuation date was not elected? 2. If Suzette sold the property on November 1, 2022, for $48,750, what are the amount and nature of the gain, if this property qualifies for using the alternate valuation date

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