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show work Questions 1. Susie Smith bought land with a cash payment of $50,000 and a mortgage of $60,000. In addition, Susie paid $500 for

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Questions 1. Susie Smith bought land with a cash payment of $50,000 and a mortgage of $60,000. In addition, Susie paid $500 for title insurance. What is Susie Smith's basis in the land

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