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Tobin Inherited 100 Acres of Land on the Death of His

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Tobin inherited 100 acres of land on the death of his father in 2013.A Federal estate tax return was filed and the land was valued at $300,000 (its fair market value at the date of the death) .The father had originally acquired the land in 1970 for $19,000 and prior to his death had made permanent improvements of $6,000.What is Tobin's basis in the land?


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Variables defined within a struct in C/C++, which can represent different data types and are used to store related data under a single name.

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A symbol used in programming languages like C++ and Python for accessing attributes or methods of an object.

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