dbethel7940 dbethel7940
  • 20-05-2023
  • Biology
contestada

Inka's personal residence (adjusted basis of $100,000) was condemned, and she received a condemnation award of $80,000. Inka used the condemnation proceeds to purchase a new residence for $90,000. What is Inka's recognized gain or loss and her basis in the new residence

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