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CD Primary residence: $1,500,000 Vacation Home $950,000 Vacation Home 2: $500,000 CP Personal Property $900,000 5) Assume Kathi died today and left Vacation Home 2
CD Primary residence: $1,500,000
Vacation Home $950,000
Vacation Home 2: $500,000
CP Personal Property $900,000
5) Assume Kathi died today and left Vacation Home 2 to her daughter Elizabeth. What would Elizabeths adjusted basis be in Vacation Home 2? Explain your answer.
A) $30,000
B) $250,000.
C) $500,000.
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