What is bets adjusted basis in the real property, Accounting Basics

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What is bets adjusted basis in the real property

Question: Bob and Beth are married and live in Texas, a community property state. Their community property consists of real property with an adjusted basis of $300,000 and a fair market value of $750,000. Bob dies and leaves the real property to Beth. What is Beth's adjusted basis in the real property? a, $300,000 b. $375,000 c. $750,000 d. $525,000

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Accounting Basics: What is bets adjusted basis in the real property

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