Business
Business, 02.11.2020 16:50, mitchellk872

Robin inherits 1,000 shares of Wal-Mart stock from her aunt Julieta in 2020. According to the information received from the executor of Julieta’s estate, Robin’s adjusted basis for the stock is $55,000. Albert, Robin’s fiancé, receives 1,000 shares of Wal-Mart stock from his uncle Roberto as a gift in 2020. Roberto tells Albert that his adjusted basis for the Wal-Mart stock is $7,000. What could cause the substantial difference in the adjusted basis for Robin’s and Albert’s respective 1,000 shares of Wal-Mart stock?

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Robin inherits 1,000 shares of Wal-Mart stock from her aunt Julieta in 2020. According to the inform...

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