Which of the Following Statements Correctly Reflects the Rules Regarding

Multiple Choice

Which of the following statements correctly reflects the rules regarding inherited property in 2012?

A) A particular beneficiary's basis can be greater than, equal to, or less than the decedent's basis.
B) A particular beneficiary's holding period includes the donor's holding period.
C) The alternate valuation date election only applies to those assets which have declined in value (i.e., does not cover assets that have increased in value) .
D) Only a.and b.are correct.
E) a., b., and c.are correct.