fte basis of property acquired by inheritance is the lower of the decedent's adjusted basis or the fair market value on the date of the death of the decedent.

Name: fte basis of property acquired by inheritance is the lower of the decedent's adjusted basis or the fair market value on the date of the death of the decedent.
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Question

Quizplus · Accepted Answer

the basis of inherited property is the fair market value at the date of death unless the alternate valuation date was elected

Fte Basis of Property Acquired by Inheritance Is the Lower