Violet isaacsongave jeanne collection of coin

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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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