Question: question 10 (1 point) When a taxpayer performs services in exchange for property, the initial basis in the property is the value of the services

question 10 (1 point) When a taxpayer performs services in exchange for property, the initial basis in the property is the value of the services the taxpayer includes in income. 1) True 2) False Question 11 (1 point) A taxpayer buys property by paying $1,000 down and borrowing $9,000. The taxpayer's initial basis in the property is $1,000. 1) True 2) False

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