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please confirm is they are correct! Question Completion Status: QUESTIONS 4 points Taxpayer sells a building, land, and equipment for $2 million. The building had
please confirm is they are correct!
Question Completion Status: QUESTIONS 4 points Taxpayer sells a building, land, and equipment for $2 million. The building had basis of $500,000 and depreciation deductions of $50 000. The land had basis of $250.000 The equipment had basis of $300,000 and depreciation deductions of $250,000 What is the adjusted basis of a 1250 property in this transaction? O $450,000 $50,000 O $700.000 $750,000 4 points QUESTION 6 Taxpayer wants to exchange blackacre under sec 1031 Which of the following properties is not considered like kind to taxpayer's blackacro? Building Beef Cattie Apartment Complex Land Step by Step Solution
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