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Business, 16.04.2020 21:31 hollybell1213

Nicole inherited several acres of land upon the death of her grandmother. Nicole's grandmother had owned the land for 20 years and had a basis in the property of $8,000. At the date of death, the land was valued at $38,000. Nicole sold the property eight months after receiving it from the estate. What is the amount of Nicole's basis in the land and her holding period

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