Question: Question 12 of 15. All of these will decrease basis EXCEPT: 1. Cancelled debt. 2. Depreciation. 3. Nonbusiness Energy Credit. 4. Casualty restoration beyond bringing

Question 12 of 15.

All of these will decrease basis EXCEPT:

1. Cancelled debt.

2. Depreciation.

3. Nonbusiness Energy Credit.

4. Casualty restoration beyond bringing the property to pre-casualty condition.

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