What the tax basis in the mansion

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Question - Rich Uncle died on March 1, 2020, and left you his mansion. Additional facts: 

The mansion was worth $4 million on March 1, 2020

The mansion was worth $4.2 million six months later (September 1, 2020).

The mansion was worth $4.25 million on October 15, 2020, the date on which you finally received the deed from Uncle's executor.

Uncle's executor did not elect the alternative valuation date.

Required - What the tax basis in the mansion?

Reference no: EM132929401

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