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On June 2 4 , 2 0 2 2 , Ronda purchased a duplex with the intent of renting both units. The seller, Elias, had
On June Ronda purchased a duplex with the intent of renting both units. The seller, Elias, had fallen behind on payments, so Ronda paid Elias $ in cash and assumed the $ mortgage. The assessed value of the property is $disregard land value for this question
Ronda's other sale expenses are:
$ mortgage interest owed by Elias.
$ real estate tax owed by Elias.
$ loan assumption fee.
What is Ronda's basis for depreciation in the duplex?
$
$
$
$
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