Answered: The basis of property received by…

The basis of property received by either spouse as a result of the divorce or separation is increased to fair market value. O True O False

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter13: Property Transactions: Determination Of Gain Or Loss, Basis Considerations, And Nonta Xable Exchanges

Section: Chapter Questions

Problem 20DQ

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The basis of property received by either spouse as a result of the divorce or separation is increased to fair market value.
True
False

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