Estate did not elect the alternate valuation date

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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?

Reference no: EM131288622

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Estate did not elect the alternate valuation date : 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 ..

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