Capital Gains Quandry

Beulah Gladhand died on January 2, 2010. She was survived by two children, Suzie Marachino and her son, Left Gladhand. Suzie and Left qualified as Executors of her estate. She was not a rich woman when she died. Her estate included a house that she and late her husband Clem had purchased together in 1973 for a whopping $75,000. Now the house was worth $750,000. The rest of her estate was about $150,000 in stocks and bonds which she also had bought together with her husband over their marriage.

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