Sue purchased a rental house five years ago for $102,000. She had a new roof installed for
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Sue purchased a rental house five years ago for $102,000. She had a new roof installed for $3,000, added a garage at a cost of $10,000, painted and installed new wallpaper at a cost of $350, and took $15,692 in depreciation. What is her adjusted basis in the property?
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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