Sam and Lucinda are husband and wife and have always lived in a community property state.At the time of Lucinda's prior death,part of their community property includes:
Under Lucinda's will,all of her property passes to Sam.After Lucinda's death,Sam's income tax basis in this property is:
A) $3,500,000.
B) $4,000,000.
C) $5,000,000.
D) $7,000,000.
E) $8,000,000.
Correct Answer:
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