Question
This year Alexandra bequeathed her stock portfolio to her sister, Susan. Immediately prior to Alexandra's death, the portfolio had an adjusted cost base of $52,000
This year Alexandra bequeathed her stock portfolio to her sister, Susan. Immediately prior to Alexandra's death, the portfolio had
an adjusted cost base of $52,000 and a fair market value of $169000
What is the income tax consequence?
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
