Investors & landlords

Okay, is this the correct calculation for Mary's basis in July 2023?

• $150k Mary's basis  ($450k/3 at time of death January 2021)
• $150k Gifted from Joe ($450k/3 at time of death January 2021)
• $125k paid to Peter

• $42,857 Peter's basis for the share that he gifts to Mary is (50/175) x $150K

  $467,857 TOTAL