Question
Jim purchased land for $100,000. At the time of his death, the land had a fair market value of $150,000. The beneficiary of the land
Jim purchased land for $100,000. At the time of his death, the land had a fair market value of $150,000. The beneficiary of the land turns around and sells the land for $160,000. How much gain does the beneficiary have to recognize?
| a. | $0 | |
| b. | $10,000 | |
| c. | $50,000 | |
| d. | $60,000 |
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The Leverage Space Trading Model
Authors: Ralph Vince
1st Edition
0470455950, 978-0470455951
