In 1997 ward and june husband and wife bought 160 acres of


In 1997, Ward and June, husband and wife, bought 160 acres of land as Joint Tenants With Right of Survivorship, for $200,000. Ward died in the current year. On the date of his death, the land was worth $300,000. The personal representative of Ward's estate did not elect the alternate valuation date. What is June's basis for the 160 acres of land, after Ward's death?

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Financial Accounting: In 1997 ward and june husband and wife bought 160 acres of
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