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carmelita sold her home for $140000 when her basis was 100000. 2 years later she repossessed the home when the balance if the note 125000
carmelita sold her home for $140000 when her basis was 100000. 2 years later she repossessed the home when the balance if the note 125000 she resold within one year for 150000. original sales expenses 3050, resale expenses 3250, repossessions cost 1975. she incurred 2300 for improvements prior to resale what's carmelita's recomputed adjusted basis
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