Al Owns Stock with an Adjusted Basis of $100,000 and a Fair

Multiple Choice

Al owns stock with an adjusted basis of $100,000 and a fair market value of $300,000.He gives the stock to Jane on July 1,2009.When Jane dies,the fair market value of the stock is $900,000.Jane's will provides that Al is to receive the stock.Which of the following is false?

A) If Jane dies on June 1,2010,Al's basis for the stock is $100,000.
B) If Jane dies on August 1,2010,Al's basis for the stock is $900,000.
C) If Jane dies on June 15,2010,Al's basis is $300,000.
D) If Jane dies on July 1,2010,Al's basis is $100,000.
E) All of the above are true.