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Kyra's basis in investment use land was $9000. She received a gross condemnation award of $13000. Her net condemnation award was $12600. She purchased replacement
Kyra's basis in investment use land was $9000. She received a gross condemnation award of $13000. Her net condemnation award was $12600. She purchased replacement property at a cost of $13000. What is Kyra's basis in the replacement property?
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