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For purposes of determining the adjusted basis of a capital asset at the time of its sale, A. The basis does not include costs such
For purposes of determining the adjusted basis of a capital asset at the time of its sale,
A. The basis does not include costs such as title insurance and escrow fees related to the initial purchase.
B. Capital improvements are added to the basis.
C. Accumulated depreciation is added to the basis.
D. Ordinary repairs reduce the adjusted basis.
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