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d . Bart inherited 5 0 0 shares of stock from Thelma's estate. Thelma purchased the shares many years ago for $ 1 , 3

.

Bart inherited

500

shares of stock from Thelma's estate. Thelma purchased the shares many years ago for $

1, 350,

and the shares

are worth $

48, 000

at her death.

Amount to be included in gross income

48, 000

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