Douglas and Julie Are a Married Couple Who Live in Louisiana,a

question 41

Multiple Choice

Douglas and Julie are a married couple who live in Louisiana,a community property state.They jointly own property with an adjusted basis of $140,000.On December 2 of this year,Julie died when the property had a fair market value of $160,000.Douglas's basis in the property after Julie's death is

• A)$0.
• B)$140,000.
• C)$150,000.
• D)$160,000.

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