(Solved): Bob inherited 1,000 shares of ABC stock from his mother. His mother bought the shares for $3,000 ten ...

Bob inherited 1,000 shares of ABC stock from his mother. His mother bought the shares for $3,000 ten years ago. The fair market value of the shares on the date of his mother's death was $25,000 (no estate tax return needs to be filed). He sold the shares in the current year for $28,500. What is the basis of the ABC stock that Bob inherited from his mother?a)b)c)d)$28,500$$3,000$25,000