Sengupta died on February 1, 2015, and bequeathed two different assets to a beneficiary, Roberts. Asset One

Question:

Sengupta died on February 1, 2015, and bequeathed two different assets to a beneficiary, Roberts. Asset One was distributed to Roberts on April 24, 2015; Asset Two was distributed to Roberts on October 25, 2015. 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?

b. Asset One August 1, 2015 April 24, 2015 April 24, 2015 August 1, 2015 Asset Two August 1, 2015 August 1,