Teresa inherits land from her first cousin,Drew,in 2011.Drew's adjusted basis in the land (purchased in September 2008)was $200,000 and it was included in his estate at a value of $270,000.

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The Answer of Teresa inherits land from her first cousin,Drew,in 2011.Drew's adjusted basis in the land (purchased in September 2008)was $200,000 and it was included in his estate at a value of $270,000.

Teresa Inherits Land from Her First Cousin,Drew,in 2011