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Please need help on question number 20 and 21 b $25. $25.38 d) $24.02 becanso . Jack purchased a house in January 2014 for $119,000.

Please need help on question number 20 and 21

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b $25. $25.38 d) $24.02 becanso . Jack purchased a house in January 2014 for $119,000. The house was not his primary residence. During the time Jack owned the house, he deducted $13,000 for depreciation. The county installed water and sewer connections (valued at $7,000). Jack had to rewire the house, which cost $1,500. He has lived in the house since January of 2017. What is Jack's adjusted basis in the house?wedu $114,500 $106,000 $127,500 $119,000 ownsuch 19. Using the same information in the previous question/calculate Jack's adjusted basis in the 10 OK the house:one home as he prepares to sell it. Jack has the following expenses in the final year that he owns Replace the roof $5,000 Outside security lights $ 50 Landscaping $ 200 - Replace broken window pane Patch the kitchen wall anchor $ 125 Replace gravel in the driveway 345 $ 220# a ) $120,265 hus b) $120,045 ecusgrig ex -60) c) $119,500 budgets Jovo of 10 10-36) $133,045 20. Fire damaged Larry's personal residence, and he was forced to buy a new home. Which of the following is listed incorrectly as an adjustment that made to the basis of a replacement property that resulted from an involuntary conversion? a) Decrease the basis by any loss recognized on the conversion. b) Decrease the basis by any money received that the taxpayer did not spend on similar property. c ) Decrease the basis by any gain recognized on the conversion. d) Increase the basis by any cost of acquiring the replacement property. 21. With home replacement due to fire, Larry experienced an involuntary conversion, which is reported on his tax return. Which of the following is incorrectly included as an example of an involuntary conversion?

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