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Identify the tax issue or issues suggested by the following situations, and state each issue in the form of a question. Mrs . Allen died

Identify the tax issue or issues suggested by the following situations, and state each issue in the form of a question. Mrs. Allen died on June 1. She and her surviving husband were co-owners of real property with a $200,000 adjusted basis and a $1.6 million FMV. Mr. Allen inherited his wifes half of the property.

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