If a husband die's and prior to his death he had entered into contract to...

90.2K

Verified Solution

Question

Accounting

If a husband die's and prior to his death he had entered into contract to sell his capitol stock for $1,135,000. The stock and cash in the amount of the purchase price were put into escrow with bank. after 2 weeks after death FCC approved the sale and transferred the stock to company who bought it. Would there be any tax consequences regarding the sale to the widow and escrow

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students