Question: 9. The following taxpayers need help in determining their current adjusted basis. Complete the last column.(14 points) er Proerty Stock Cost* Detail Adjusted Basis

9. The following taxpayers need help in determining their current adjusted basis.

9. The following taxpayers need help in determining their current adjusted basis. Complete the last column.(14 points) er Proerty Stock Cost* Detail Adjusted Basis 100,000 | A purchased 100 shares in 2015. The stock split in 2018. In 2019, A received a 10% stock dividend 100,000 | Given to B by B's father in 2018 when it was worth $70,000. If sold today, B would get $50,000 100,000 | Inherited by C when it was worth $190,000. Executor selected the Alternative Valuation Date when it was A Stock C Stock worth $185,000 300,000 Converted to business when it was worth $210,000. Since then, $40,000 of depreciation taken 300,000 | E's family has lived here for many years. Current value is $210,000 despite major renovation improvement made in 2017 that cost $40,000. *This may be the cost experienced by a previous owner if not purchased by the current owner Building E Building What could happen that would change any of your answers? Indicate which taxpayer

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