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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?
Fishing
The activity of catching fish either for recreational purposes or as a means of livelihood, practiced in various bodies of water.
Wild Plant Foods
Edible plants that grow in natural, wild settings without human cultivation, often foraged for consumption.
Cultural Evolution
The theory that culture changes over time due to various factors such as innovation, diffusion, and social learning, somewhat analogous to biological evolution.
Notion Of Progress
The idea or belief that society, technology, the economy, and cultures are moving forward and improving over time.
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