Business, 18.03.2020 02:53 erikasee3535

Jim Johnson and his wife, Peggy, own a residence as community property. Jim died on June 5 of the current year. On the date of death, the residence had a basis of $90,000 and a FMV of $130,000. What is Peggy's basis in the residence?

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Jim Johnson and his wife, Peggy, own a residence as community property. Jim died on June 5 of the cu...

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