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The basis of property inherited from a decedent is generally O The purchase price of the property The fair market value (FMV) of the property

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The basis of property inherited from a decedent is generally O The purchase price of the property The fair market value (FMV) of the property on the date of death or the alternative valuation date e higher of the decedent's adjusted basis or the fair market value (FMV) on the date of death O Th O The adjusted basis of the decedent on the date of death or the alternative valuation date Mark for follow up

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