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Business, 02.07.2021 19:40 kalawson2019

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

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Tobin inherited 100 acres of land on the death of his father this year. A Federal estate tax return...
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