Question: Problem 10-29 (Algorithmic) (LO. 3, 4) Alicia sold her personal residence to Rick on June 30 for $185,000. Before the sale, Alicia paid the real

Problem 10-29 (Algorithmic) (LO. 3, 4) Alicia sold her personal residence to Rick on June 30 for $185,000. Before the sale, Alicia paid the real estate tax of $2,775 for the calendar year. For income tax purposes, the deduction is apportioned as follows: $555 to Alicia and $2,220 to Rick. What is Rick's basis in the residence? Previous Next > Suit Test for Grading

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