Multiple Choice
Henrietta and Hollis have been married for 10 years when Hollis dies in a sky-diving accident.Their assets are summarized below. Henrietta and Hollis reside in Wisconsin,a community property state.All of the assets were acquired with community funds and pass to Henrietta.Her basis for each of the assets becomes:
Car House Cash from life insurance proceeds
A) $20,000 $150,000 $ 10,000
B) $17,500 $175,000 $ 10,000
C) $17,500 $175,000 $100,000
D) $15,000 $200,000 $100,000
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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