Shelby inherited land from her grandmother worth ($82,000) as of the date of death on August 15.
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Shelby inherited land from her grandmother worth \($82,000\) as of the date of death on August 15.
Her grandmother had purchased the land for \($44,000\) twenty years ago. The value of the land as of December 31 is \($80,000\) What is Shelby’s basis in the land inherited?
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