Anneliese owned shares of Sigma stock with a basis of $40 per share. At the time of her death, the stock was worth $55 per share. Six months later, the stock had appreciated to a value of $65 per share. What is the basis of the stock in the hands of Anneliese’s beneficiaries?

A. $15 per share

B. $40 per share

C. $55 per share

D. $65 per share

Len's adjusted gross estate is valued at $2,000,000. To qualify for the Section 6166 election, Len's interest in a closely-held business must exceed?

A. $500,000

B. $700,000

C. $900,000

D. $1,000,000

For divorces executed before December 31, 2018, and not modified after that date, which of the following are required to deduct alimony payments?

(1) payments must be made in cash

(2) payments may extend beyond the death of the payee

(3) the payee and payor are permitted to live together

(4) payments cannot stop on the contingency of the child turning 18

A. (1) and (3) only

B. (1) and (4) only

C. (1), (2), and (3) only

D. (2), (3), and (4) only

Answer rating: 100% (QA)

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