19. In which situation is the tax basis of property stepped up to (or down to) its FMV a. Assets received from spouse in a divorce b. Assets (other than Income with Respect to the Decedent Assets such as an IRA) received at inheritance c. Gift received where Donor basis is less than FMV d. A Section 1031 exchange without any boot 20. Classify the following assets as either personalty, realty, or intangible a. Machinery b. Commercial building C. Brand names d. Kitchen appliances in an apartment building e. Heavy duty cement truck f. Land g. Goodwill