Gordon Died on January 1 and by His Will Left

question 96

Multiple Choice

Gordon died on January 1 and by his will left land with an adjusted basis of $60,000 and an FMV of $100,000 to Becky. Becky disclaims the property on December 31 of the year of death, when the land was still worth $100,000. Becky has made a gift (before the annual gift tax exclusion) of

• A)$100,000.
• B)$60,000.
• C)$50,000.
• D)$0.

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Definitions:

Military Woman

A female member of the armed forces, encompassing roles ranging from combat positions to logistical and administrative support.

European Hegemony

The political, economic, or cultural dominance of European nations over other regions, notably during the colonial and imperial periods.

World Leaders

Individuals who hold significant political power and influence in countries or global organizations.