Robert and Kristen are husband and wife. Ten years ago, they purchased stock for $500,000. Kristen dies first in 2011 when the property is worth $1,000,000. Assuming the property passes to Robert, what is his income tax basis under the following ownership assumptions?

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The Answer of Robert and Kristen are husband and wife. Ten years ago, they purchased stock for $500,000. Kristen dies first in 2011 when the property is worth $1,000,000. Assuming the property passes to Robert, what is his income tax basis under the following ownership assumptions?

Robert and Kristen Are Husband and Wife