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Madison was married at the time of her death and her gross estate consisted of $22 million in stock and bonds. Madison left all of
Madison was married at the time of her death and her gross estate consisted of $22 million in stock and bonds. Madison left all of her property to her spouse. What is the result?
A. Madison's taxable estate will be zero.
B. Madison's surviving spouse will have an income tax basis in the inherited property of zero.
C. Madison's adjusted gross estate will be zero.
D. Madison's estate will have a tenative estate of zero.
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