Violet isaacsongave jeanne collection of coin

Reference no: EM139371

Q. One month before she died on April 14, 2002, Violet Isaacson (Jeanne's mother) gave Jeanne collection of coin. Depends on careful records that Violet kept, collection had cost basis of= $9,000 also fair market value of= $18,000 at time Violet passed away. On February 12, 2011, Wheat residence was burglarized, also coin collection was stolen. The Wheat filed a claim for= $24,000 (the present value of collection) with carrier of their homeowner's insurance policy. All they were able to collect, though, was= $10,000, which was maximum amount allowed for valuables.

Reference no: EM139371

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