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Jessica Inherits Land from Her Uncle

Question 22

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Jessica inherits land from her uncle.His adjusted basis in the land (purchased in November 2004)was $110,000 and it was included in his estate at a value of $225,000.
Jessica inherits land from her uncle.His adjusted basis in the land (purchased in November 2004)was $110,000 and it was included in his estate at a value of $225,000.

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