Multiple Choice
Douglas and Julie are a married couple who live in Louisiana,a community property state.They jointly own property with an adjusted basis of $140,000.On December 2 of this year,Julie died when the property had a fair market value of $160,000.Douglas's basis in the property after Julie's death is
A) $0.
B) $140,000.
C) $150,000.
D) $160,000.
Correct Answer:
Verified
Correct Answer:
Verified
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