Harry and Freddi, a married couple, purchased 100 shares of OpaqueMutual Fund in 1996 for $2,800 as

Question:

Harry and Freddi, a married couple, purchased 100 shares of OpaqueMutual Fund in 1996 for $2,800 as joint tenants with the right of survivorship. Freddi dies during the current year. The 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.