Fred and Pearl always have lived in a community property state. At the time of Fred's prior death in 2011, they held stock that cost them $600,000 but was valued as follows.
Under Fred's will, his half of the stock passes to their daughter, Brandi. What income tax basis will Pearl and Brandi have in the stock, if Fred's estate:

Question

Fred and Pearl always have lived in a community property state. At the time of Fred's prior death in 2011, they held stock that cost them $600,000 but was valued as follows.
  Under Fred's will, his half of the stock passes to their daughter, Brandi. What income tax basis will Pearl and Brandi have in the stock, if Fred's estate:

Quizplus · Accepted Answer

The Answer of Fred and Pearl always have lived in a community property state. At the time of Fred's prior death in 2011, they held stock that cost them $600,000 but was valued as follows.
  Under Fred's will, his half of the stock passes to their daughter, Brandi. What income tax basis will Pearl and Brandi have in the stock, if Fred's estate:

Fred and Pearl Always Have Lived in a Community Property