Robert and Kristen are husband and wife.Ten years ago,they purchased stock for $500,000.Kristen dies first in 2012 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 2012 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