Fred and Taniel always have lived in a community property state At the time of Fred 's death, the couple held stock that cost them $600,000 but was valued as follows Date of Death Six Months Later $5,300,000 $5,200,000 Under Freds will, his half of the stock passes to their daughter, Brandi What in...

A If they elect an alternate valuation da ...

Fred and Taniel always have lived in a community property state. At the time of Fred's death,

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Fred and Taniel always have lived in a community property state. At the time of Fred's death, the couple held stock that cost them $600,000 but was valued as follows.

Date of Death	Six Months Later
$5,300,000	$5,200,000

Under Fred’s will, his half of the stock passes to their daughter, Brandi. What income tax basis will Taniel and Brandi have in the stock, if Fred’s estate:

Elects the alternate valuation date?

If they elect alternate valuation date $ 5,200,000 (six months after death)

Does not elect the alternate valuation date?