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Yolanda bought a rental property for $450,000. In the first year, she built an additional room on the house for $40,000 and deducted $2,000 in

Yolanda bought a rental property for $450,000. In the first year, she built an additional room on the house for $40,000 and deducted $2,000 in depreciation. What is Yolanda's basis in the property at the start of the second year?

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