Sengupta died on February 1, 2017, and bequeathed two different assets to a beneficiary, Roberts. Asset One

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Sengupta died on February 1, 2017, and bequeathed two different assets to a beneficiary, Roberts. Asset One was distributed to Roberts on April 24, 2017; Asset Two was distributed to Roberts on October 25, 2017. The executor of Sengupta's estate makes a qualified alternate valuation date election. The basis of each bequeathed asset will thus be the fair market value on which date?

Asset One Asset Two

a. August 1, 2017............................August 1, 2017

b. April 24, 2017.............................August 1, 2017

c. April 24, 2017...........................October 25, 2017

d. August 1, 2017.........................October 25, 2017

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Question Posted: Mar 13, 2018 08:25 AM

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Sengupta died on February 1, 2017, and bequeathed two different assets to a beneficiary, Roberts. Asset One

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South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities

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