Ruth Ames died on January 10,2019. In filling the estate tax
return her executor, Melvin Sims, elects the primary valuation date
and amount ( fair market value on the death). On March 12. 2019
Melvin invests 30k of cash that Ruth had in her money market
account in acquiring 1,000 shares of Orange Inc. ( $30 per share).
On January 10,2019 , Orange was selling for $29 per share. The
stock is distributed to a beneficiary Annette Rust on June...