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Question 60 of 75. Kyra Bernard's basis in investment-use land was $9,000. She received a gross condemnation award of $13,000. Her net condemnation award was

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Question 60 of 75. Kyra Bernard's basis in investment-use land was $9,000. She received a gross condemnation award of $13,000. Her net condemnation award was $12,600. She purchased replacement property at a cost of $13,000. What is Kyra's basis in the replacement property? O $3,600 $9,000 $9,400 O $12,600 Mark for follow up

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