Lesley and Morgan Are Husband and Wife and Have Always

question 65

Multiple Choice

Lesley and Morgan are husband and wife and have always lived in Idaho,a community property state.At the time of Morgan's prior death,their community property includes:

Under Morgan's will,all of her property passes to Lesley.After Morgan's death,Lesley takes an income tax basis of:

• A)$900,000 in Kite and $450,000 in Merlin.
• B)$900,000 in Kite and $500,000 in Merlin.
• C)$800,000 in Kite and $450,000 in Merlin.
• D)$800,000 in Kite and $500,000 in Merlin.
• E)None of the above.

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Definitions:

Idioms

Expressions whose meanings are not predictable from the usual meanings of their constituent elements or from the general grammatical rules of a language.

Cross-Cultural Communication

The exchange of information and ideas between people from different cultures, emphasizing understanding and respect for diverse perspectives and practices.

Customs

The official procedures for inspecting and taxing goods coming into a country, or the traditional norms and practices of a society or community.

Cultural Blooper

A mistake or faux pas made in a cultural context, often due to a lack of knowledge or understanding.