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DeMarcus and Brianna Are Married and Live in a Common

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DeMarcus and Brianna are married and live in a common law state.They jointly own real property with an adjusted basis of $200,000.When the property has a FMV of $450,000,DeMarcus dies leaving all of the property to Brianna.If she later sells the property for $650,000,what is Brianna's gain on the sale?


Definitions:

Penlight

A small, portable flashlight, often used in medical examinations to observe pupils' reaction to light or to inspect areas of the mouth and throat.

Pupillary Constriction

The narrowing or tightening of the pupils, which can occur in response to light exposure or during focusing on objects.

Arcus Senilis

A gray or white arc visible above and below the outer part of the cornea, usually related to aging.

Unequal Pupillary Constriction

A condition where the pupils of the eyes do not shrink to the same size in response to light, potentially indicating neurological issues.

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