Morrow died on January 15,2013 leaving the following assets:
What is the value of the estate if the alternative valuation date is elected and the house was sold on March 10 for $605,000 and the stocks were sold on June 30 for $265,000?
A) $1,375,000
B) $1,360,000
C) $1,350,000
D) $1,343,000
Correct Answer:
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