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What is Husband adjusted basis for the land

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Question - Husband and Wife live in California. They purchased land as community property in 2015 for $300,000. In 2020, Wife dies and bequeaths her share of the land to Husband. The land has a fair market value of $450,000 on the date of her death. What is Husband's adjusted basis for the land?

A) 375,000

B) 750,000

C) 300,000

D) 450,000

Reference no: EM132684168

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