Linda inherited a car from her Uncle Ted.Ted purchased the car two years ago for $38,000.The car
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Linda inherited a car from her Uncle Ted.Ted purchased the car two years ago for $38,000.The car had a value of $30,000 at the date of Ted’s death.What is Linda’s basis for the car?
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Related Book For 
Taxation For Decision Makers 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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