Question: On june 2 4 , 2 0 2 2 , Ronda purchased a duplex with the intent of renting both units. The seller. Elias, had
On june Ronda purchased a duplex with the intent of renting both units. The seller. Elias, had fallen behind on payments, so Ronda paid Elias $ in cash and assumed the $ mortgage. The assessed value of the property is $ disregard land value for this question
Ronda's other sale expenses are: $ mortgage interest owed by Elias. $ real estate tax owed by Elias. $ loan assumption fee.
What is Ronda's basis for depreciation in the duplex?
$ $
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