USA

9. Asher inherited land from Miranda Wrights. Miranda had purchased the land for $2,000. On February 1, 2017, Miranda died. Asher decides to sell the land on March 1, 2017. Which of the following would be relevant to the tax consequences of the sale to Asher? a. b. c. d. e. The fair market value of the land on the date of Miranda's death Miranda's holding period in the land. Whether Miranda held the land as inventory Whether Miranda and Asher are related parties. More than one of the above