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Anna purchased a rental property in 2019 for $180,000. The most recent assessment showed a land value of $45,000 with a building value of

Anna purchased a rental property in 2019 for $180,000. The most recent assessment showed a land value of $45,000 with a building value of $135,000. Anna sold the rental in 2021 for $235,000. What portion of the sale is attributable to the land?

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Solution The portion of the sale that is attributable to the land is 1915 Calculation Land Value 450... blur-text-image

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