Property Ownership
Which of the following is considered separate property in New Mexico's community property system?
AA home purchased with wages earned during the marriage
BProperty owned before marriage or received as a gift or inheritance during marriage✓ Correct
CInvestment accounts funded with marital income
DA vehicle purchased jointly during marriage
Explanation
Under New Mexico community property law, separate property includes property owned before marriage and property received as a gift or inheritance during marriage, provided it is kept separate.
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