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<p>[QUOTE=&quot;statequarterguy, post: 1661163, member: 21782&quot;]Well, the way I and IRS Pub 551 describe it, is the way it is, absent a cite to the contrary.&nbsp; The law does treat inheritances more favorably than gifts.&nbsp; Gifts, in general receive the donor&#039;s basis, inherited property, in general receive an FMV basis.&nbsp; If you have a cite that says different, please post it.[/QUOTE]</p><p><br /></p>

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