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In 2016, Murrays Aunt Barbara gave him a house. At the time of the gift,...

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Accounting

In 2016, Murrays Aunt Barbara gave him a house. At the time of the gift, the house had a fair market value of $221,000, and his aunt's adjusted basis was $92,000. What is Murray's basis in the house for purposes of determining gain in 2019? What is Murrays holding period for the house?

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