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Question 55 of 75. Carrie-Ann converted her personal home to a rental in 2020 when the building was valued at $233,000. She originally purchased
Question 55 of 75. Carrie-Ann converted her personal home to a rental in 2020 when the building was valued at $233,000. She originally purchased the home and land for $300,000. When purchased, 25% percent of the value was allocated to the land on the county property tax assessment. There have been no improvements or other adjustments to basis since 2020. What is Carrie-Ann's basis for depreciation when converted in 2020? $174,750 $225,000 O $233,000 O $300,000 Mark for follow up Kent D33 300 300 25 300 95.97
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