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as a result of a divorce settlement, a husband transfers property with a fair market value of $ 1 0 0 0 0 and a

as a result of a divorce settlement, a husband transfers property with a fair market value of $10000 and a tax basis of $3000 to his wife. How much of gain is the wife required to recognize in her tax return? a. $0 B. $3000 C. $7000 D. $10,000

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