Ellie's investment property was condemned. Her adjusted basis in the property was $145,000. Her gross condemnation award

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Ellie's investment property was condemned. Her adjusted basis in the property was $145,000. Her gross condemnation award was $190,000. Expenses of sale were $8,000. What is the minimum amount ellie may spend on replacement property to be able to postpone all of her gain from the condemanation? A. $37,000 B. $45,000 C. $182,000 D. 190,000

Posted Date: May 18, 2024 10:11 PM

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Ellie's investment property was condemned. Her adjusted basis in the property was $145,000. Her gross condemnation award

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