1) GI. GG is satisfied s61. s102 excludes inheritances from GI. Basis is FMV (2 mil) s1014. There is no 1014 problem because we don't have niece giving it to her and then AN giving it back. 2) Receipt of stock is included in GI under s61, but s102 excludes it from GI. Basis in stock is $5,000. Inherited prop basis is FMV. For gifts it can be carryover basis. 3) Receipt of insurance proceeds is GG income under 61, however 101 excludes it from GI because it's amount received under a LIK paid by reason of death of insured. Proceeds excluded from GI