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Benny passed away on January 5, 2023 and left his entire estate, worth $900,000 on the date of Bennys death, to his son, Nigel. At
Benny passed away on January 5, 2023 and left his entire estate, worth $900,000 on the date of Bennys death, to his son, Nigel. At the time of his death, Bennys total adjusted basis in the assets in his estate was $480,000. What is Nigels basis in the inherited assets?
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