At an office seminar, you mentioned that, prior to 1984, the application of u.s. v. davis had
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At an office seminar, you mentioned that, prior to 1984, the application of u.s. v. davis had to be considered when determining the tax treatment of a property settlement. at break, when asked by a participant the result of this supreme court case, you should reply:
the receiving spouse got the original basis of transferred property.
property gain totaled the property's adjusted basis minus fair market value.
the transferor was deemed to have exchanged property.
the transferor spouse was deemed to have sold the transferred property.
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