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Jill DeLucas basis in investment use land was 10,000. She received a gross condemnation award of 12,500. Her net condemnation award was 11, 250. She

Jill DeLucas basis in investment use land was 10,000. She received a gross condemnation award of 12,500. Her net condemnation award was 11, 250. She purchased replacement property at a cost of 14,000. What is Jills bsais in the replacement property? 1,250, 10,000, 12,750, or 14,000.

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