asked 136k views
4 votes
Hailey bought her house in 2015 for $350,000. Since then, she has deducted $55,000 in depreciation associated with her home office and has spent $20,000 replacing all the old pipes and plumbing. She sells the house on July 1, 2019. What is Hailey's adjusted basis at the date of the sale?

asked
User Zeroliu
by
8.0k points

1 Answer

1 vote
Imma take a guess and say that he’d adjusted basis is 275,000
answered
User Amit Yadav
by
8.7k points
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