Question: On February 1 , Year 4 , Hall learned that he was bequeathed 5 0 0 shares of common stock under his father's will. Hall's
On February Year Hall learned that he was bequeathed shares of common stock under his father's will. Hall's father had paid $ for the stock in Year Fair market value of the stock on February Year the date of his father's death, was $ and had increased to $ six months later. The executor of the estate elected the alternate valuation date for estate tax purposes. Hall sold the stock for $ on June Year the date that the executor distributed the stock to him. How much income should Hall include in his Year individual income tax return for the inheritance of the shares of stock, which he received from his father's estate?
A
$
B
$
C
$
D
$
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