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Complete the taxpayer's current adjusted basis in the property described for each of the following situations using the information below. Enter the appropriate amounts in
Complete the taxpayer's current adjusted basis in the property described for each of the following situations using the information below. Enter the appropriate amounts in the designated cells below. Enter all amounts as positive values. If no entry is necessary, enter a zero (0). Situation Basis On January 2, 2023, Dylan inherited two vans upon his father's death. At the date of his death, Dylan's father had a basis of $23,000 in the vans, and the fair value of the vans was $25,200. Dylan used the vans in his business throughout the year, claiming $3,400 of depreciation, the maximum amount allowable, for 2023. Dylan did not use an alternative valuation method
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