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Lizette inherited the following items from her grandmother: How much gain/(loss) is Lizette required to report in income? A) $45,000 gain B) $150,000 gain C)

image text in transcribed Lizette inherited the following items from her grandmother: How much gain/(loss) is Lizette required to report in income? A) $45,000 gain B) $150,000 gain C) \$0 gain D) $30,000 gain

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