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Author Question: Douglas and Julie are a married couple who live in Louisiana, a community property state. They ... (Read 54 times)

tfester

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on: Sep 13, 2020

Question 1

Dennis purchased a machine for use in his business. Mr. Dennis' costs in connection with this purchase were as follows:



What is the amount of Mr. Dennis' basis in the machine?
◦ $33,000
◦ $40,400
◦ $41,900
◦ $46,100

Question 2

Douglas and Julie are a married couple who live in Louisiana, a community property state. They jointly own property with an adjusted basis of $140,000. On December 2 of this year, Julie died when the property had a fair market value of $160,000. Douglas's basis in the property after Julie's death is
◦ $0.
◦ $140,000.
◦ $150,000.
◦ $160,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by tfester on Sep 13, 2020

bulacsom

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tfester

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Reply 2 on: Sep 13, 2020
:D TYSM

connor417

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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