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Sue inherited 50 shs of Zoll Industry stock from her Uncle Dave. Dave purchased the stock in 1986 at $20/sh. The stock was worth $50/sh

Sue inherited 50 shs of Zoll Industry stock from her Uncle Dave. Dave purchased the stock in 1986 at $20/sh. The stock was worth $50/sh when Dave passed away. What is Sue’s basis in the stock?

$1,000

$2,500

$3,500

No basis.

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