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Marty awned a cottage in Put in-Bay, OH with his dxughter Emily. He purchased the property
for $900 , 000 in 2001 , contributing 1000 af the funds, and titied it JTWROS with Emily to
avoid probate when he died. Assuming Marty dies firt, and the cottage is worth $2.200.000 when
he dies, what is Emily's new cost basis in the property? vin 0000 51.100.000 52.200500 10

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Marty awned a cottage in Put in-Bay- OH with his dxughter Emily- He pu.pdf

  • 1. Marty awned a cottage in Put in-Bay, OH with his dxughter Emily. He purchased the property for $900 , 000 in 2001 , contributing 1000 af the funds, and titied it JTWROS with Emily to avoid probate when he died. Assuming Marty dies firt, and the cottage is worth $2.200.000 when he dies, what is Emily's new cost basis in the property? vin 0000 51.100.000 52.200500 10