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Karen received a stock portfolio upon the death of her grandmother. The stock originally cost her...

Karen received a stock portfolio upon the death of her grandmother. The stock originally cost her grandmother $32,000, but was worth $250,000 when she died. Investment income on the stock of the year was $7,500. What is Karen’s tax basis in the stock portfolio and how much of the is taxable income in the current year? Explain
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Income to be chargable for tax only $7500 Because ogf maturity va;lue is not taxable is person is died so only those income is chargable under the hand of Karen's

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