Question
in the year of his death, J owned a rental property - land(FMV $200,000; cost $120,000), building (FMV $300,000; cost $250,000; UCC $190,000). In his
in the year of his death, J owned a rental property - land(FMV $200,000; cost $120,000), building (FMV $300,000; cost $250,000; UCC $190,000). In his Will, he bequeathed the property to his daughter. What amount is added to J's taxable income in the year of death?
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Public Finance
Authors: Harvey S Rosen
6th Edition
0072374055, 978-0072374056
