If Property Is Received from a Decedent, the Taxpayer Who

question 37

True/False

If property is received from a decedent, the taxpayer who inherits the property has the same basis in the property as the decedent.

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Definitions:

Percussion Instruments

Musical instruments that produce sound primarily by being struck, shaken, or scraped, such as drums, cymbals, and maracas.

Percussion Instruments

Musical instruments that produce sound by being struck, shaken, or scraped, such as drums or cymbals.

Stringed Instruments

Musical instruments that produce sound by vibrating strings, played either by plucking, striking, or using a bow.

Wind Instruments

Musical instruments that produce sound by the vibration of air in a tube; examples include flutes, clarinets, and trumpets.