Question: Exercise 14-26 (Algorithmic) (LO. 4) Arianna's personal residence has an adjusted basis of $250,400 and a fair market value of $225,360. Arianna converts the personal

Exercise 14-26 (Algorithmic) (LO. 4) Arianna's personal residence has an adjusted

Exercise 14-26 (Algorithmic) (LO. 4) Arianna's personal residence has an adjusted basis of $250,400 and a fair market value of $225,360. Arianna converts the personal residence to rental property. What is Arianna's gain basis? What is her loss basis? Arianna's basis for gain is $ and her basis for loss is $

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