Question: Whexcluded ich of these can decrease a taxpayer's basis in their property A ) The amount of canceled debt excluded from income. B ) Assessments

Whexcluded ich of these can decrease a taxpayer's basis in their property
A) The amount of canceled debt excluded from income.
B) Assessments for local improvements.
C) Casualty restoration beyond bringing the property to pre-casualty condition.
D) Decline in the fair market value(FMV) of unsold property.

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