Billy and Sue are married and live in Texas,a community property state.They jointly own real property with an adjusted basis of $200,000.When the property has a FMV of $450,000,Billy dies leaving all of the property to Sue.If she later sells the property for $650,000,what is Sue's gain on the sale?
A)$200,000
B)$225,000
C)$325,000
D)$450,000

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The Answer of Billy and Sue are married and live in Texas,a community property state.They jointly own real property with an adjusted basis of $200,000.When the property has a FMV of $450,000,Billy dies leaving all of the property to Sue.If she later sells the property for $650,000,what is Sue's gain on the sale?
A)$200,000
B)$225,000
C)$325,000
D)$450,000

Billy and Sue Are Married and Live in Texas,a Community