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Cody and Chelsi, who are married to each other, own their home together titled as community property. They purchased the home three years ago for

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Cody and Chelsi, who are married to each other, own their home together titled as community property. They purchased the home three years ago for $200,000. After improvements and a surge in the market, the home is now worth $400,000. If Cody died today and left his share of the home to his daughter Alyssa, what is Alyssa's federal income tax basis in the home? a. 550,000. b. $100,000. (3. $150,000. d. $200,000

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