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A taxpayer inherits a classic car worth $ 3 7 , 0 0 0 at the date of the inheritance. They later get an offer
A taxpayer inherits a classic car worth $ at the date of the inheritance. They later get an offer to purchase the car for $ and they seriously consider it despite the sentimental value. They are concerned about being able to pay the tax on the full gain. Which is the appropriate response if this was presented as a question to you, the preparer?
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