Harry and Freddi, a married couple, purchased 100 shares of Opaque Mutual Fund in 2001 for $2,800

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Harry and Freddi, a married couple, purchased 100 shares of Opaque Mutual Fund in 2001 for $2,800 as joint tenants with the right of survivorship. Freddi dies during the current year. Fair market value of the shares is $5,000 on the date of death. Six months later, the value is $5,100. Determine Harry's basis in the 100 shares?

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Concepts In Federal Taxation 2017

ISBN: 9781305965119

24th Edition

Authors: Kevin E. Murphy, Mark Higgins

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