our cost of land is $400,000. The cost of the building is $800,000. You paid...
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our cost of land is $400,000. The cost of the building is $800,000. You paid 2% of the cost of land and building for attorney fees and 2% for appraisal and survey costs. Additionally, you paid $50,000 for land work and building renovations and $20,000 for maintenance and repairs. Assuming there is no depreciation, what is the adjusted basis at the time of sale?
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