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The propertys fair market value was 4500000 at the date of

Ashley inherited all of the property of her aunt, who died in 2016. Her aunt's adjusted basis for the property at the date of death was $1,200,000. The property's fair market value was $4,500,000 at the date of death and $4,800,000 six months after the date of death. Assume that an estate return is filed.

Ashley's basis for income tax purposes is $.

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Accounting Basics: The propertys fair market value was 4500000 at the date of

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