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What amount must irene include in her gross income

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Question - Irene's husband passed away this year. After his death, Irene received $250,000 of proceeds from life insurance on her husband, and she inherited her husband's stock portfolio worth $750,000. What amount must Irene include in her gross income?

A. $1 Million

B. $750,000

C. $500,000

D. $250,000

E. $0

Reference no: EM132997658

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