An estate with distributable net income of $100,000 distributes the following assets to a beneficiary in December
Question:
An estate with distributable net income of $100,000 distributes the following assets to a beneficiary in December of 2019:
a. What is the beneficiary's basis in the distributed assets?
b. What would be the beneficiary's basis in the distributed assets if the election is made by the fiduciary under Code Sec.
643(e)(3)?
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Related Book For 
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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