Neal and His Wife Faye Reside in Texas, a Community

Multiple Choice

Neal and his wife Faye reside in Texas, a community property state. Their community property consists of real estate (adjusted basis of $800,000? fair market value of $6 million) and personal property (adjusted basis of $390,000? fair market value of $295,000) . Neal dies first and leaves his estate to Faye. What is Faye's basis in the property after Neal's death?

A) $800,000 real estate and $295,000 personal property.
B) $800,000 real estate and $390,000 personal property.
C) $3,400,000 real estate and $295,000 personal property.
D) $6,000,000 real estate and $295,000 personal property.
E) None of the above.