hard · Certified Financial Planner Risk Management
The Marlowe household is located in a community property state. A spouse dies, leaving her half of the couple's jointly held, highly appreciated real estate (Basis 200,000; FMV 2,000,000) to her husband.
What is the husband's new cost basis in the property?
- 2,000,000
- 1,100,000
- 200,000
- 1,000,000
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