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Janice Bought Her House in 2010 for $395,000

question 75

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Janice bought her house in 2010 for $395,000.Since then, she has deducted $70,000 in depreciation associated with her home office and has spent $45,000 replacing all the old pipes and plumbing.She sells the house on July 1, 2019.Her realtor charged $34,700 in commissions.Prior to listing the house with the realtor, she spent $300 advertising in the local newspaper.Don buys the house for $500,000 in cash and assumes her mortgage of $194,000.What is Janice's adjusted basis at the date of the sale and the amount realized?

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