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3 Question 3 (1 point) Which of the following statements about...

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Accounting

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Question 3 (1 point) Which of the following statements about property received by gift or inheritance is true? the basis of inherited property is usually the fair market value at date of death the basis of gift property received may be either the donor's basis or the fair market value at the date of the gift under certain circumstances, property received by gift may have a different basis for gain than the basis for loss all of the above are true

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