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given this information answer these questions LATED alued at fair market value THE NEXT FIVE QUESTIONS ARE RELA a qualified charity. dimmediately after Max died.

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LATED alued at fair market value THE NEXT FIVE QUESTIONS ARE RELA a qualified charity. dimmediately after Max died. 40. Uncle Max died owing the following property valued at Real estate $80,000, purchased by Max for $10,000 Mortgage liabilities, $75,000 Stock portfolio $15,000, purchased by Max for $5,000 The real estate was sold and the mortgage was paid immediately after Mas He left one quarter of his net estate to The Moneybags Foundation, a qualified ir taxable estate is 43. You sold the entire stock portfolio one week after Uncle $25,000. Your will report the following on personal ono one week after Uncle Max died for howing on personal Form 1040, A. $10,000 income B. $10,000 deduction C. No income or deduction D. $25,000 Return of Capital E. $15,000 Dividend income 44. The character of the sale in the above question on your personal Form 1040 is. A. Non-taxable B. Long Term Capital Gain C. Short Term Capital gain D. Return of Capital E, Dividend income 45. The income tax term "QBI" means A. Qualified Business Investment B. Quantitative Brokerage Income C. Qualified Business Income D. Quality Brands International E. Qualified Business Information

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