Jamahl and Indira Are Married and Live in a Common

Multiple Choice

Jamahl and Indira are married and live in a common law state.They jointly own real property with an adjusted basis of $200,000.When the property has a FMV of $450,000,Jamahl dies leaving all of the property to Indira.If she later sells the property for $700,000,what is Indira's gain on the sale?

A) $250,000
B) $475,000
C) $375,000
D) $500,000