Realize Your Potential: H&R Block sold his land in the Everglades the week before the U.S. Army Corps of Engineers announced a new levee was Mario sold his main home after he heard from his neighbor about an airport expansion project that was going to take the srough part of the property. roperties Mark for follow up uestion 62 of 75. Il DeLuca's basis in investment-use land was $10,000. She received a gross condemnation award of $12,500. Her ondemnation award was $11,250. She purchased replacement property at a cost of $14,000. What is Jill's basis in eplacement property? $1,250 $10,000 $12,750 $14,000 Mark for follow up