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Question 9 of 15. Noah converted his personal residence to rental property in 2022. He purchased the property in 2019 for $100,000, of which $15,000
Question 9 of 15. Noah converted his personal residence to rental property in 2022. He purchased the property in 2019 for $100,000, of which $15,000 was allocable to the land. On the date of conversion, an appraisal valued the property at $150,000; $22.500 was allocated to the land. Noah's basis for depreciation is: O $85.000 O $100,000 $127,500 $150,000 Mark for follow up Back Save / Return Later Summary Next Question 9 of 15 . Noah converted his personal residance to rental property in 2022. He purchased the property in 2019 for $100,000, of which $15,000 was allocable to the land. On the date of conversion, an appraisal valued the property at $159,000,$22,500 was allocated to the land. Noah's basis for depreciation is: $85,000$100,000$127,500$150,000 Mark for lolow up
Question 9 of 15. Noah converted his personal residence to rental property in 2022. He purchased the property in 2019 for $100,000, of which $15,000 was allocable to the land. On the date of conversion, an appraisal valued the property at $150,000; $22.500 was allocated to the land. Noah's basis for depreciation is: O $85.000 O $100,000 $127,500 $150,000 Mark for follow up Back Save / Return Later Summary Next
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