Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Jan 2018 My Price 5.00

additional fix-up repairs

Liliana sells her home (where he had lived for the past 10 years) for $100,000 on October 31. The real estate agent’s commission is 5 percent of the sales price. On July 15 she pays $2,000 for painting and ordinary repairs. She pays $1,000 more on September 30 for additional fix-up repairs. The adjusted basis of his old home is $50,000. On July 30 she buys a new home for $80,000. The realized gain on the sale of his home is the following: $50,000 $45,000 $43,000 $42,000 The adjusted basis of Liliana’s new home is what amount? $80,000 $30,500 $44,500 $49,500 Liliana may exclude gain of the following amount? $42,000 $45,000 $50,000 $250,000

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Maurice Tutor
(5)
Status NEW Posted 06 Jan 2018 04:01 PM My Price 5.00

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