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The basis of property that passes through a decedent's estate is stepped-to the fair market value of the asset on the date of the decedent's

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The basis of property that passes through a decedent's estate is stepped-to the fair market value of the asset on the date of the decedent's death, or, if elected by the executor of the decedent's estate, to the fair market value of the asset on the altemate valuation date. Time Running Attempt due Oct 18= 1. True 2. False True. False

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