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Discuss basis for the property at the date of death

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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 $.

Reference no: EM131784644

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