Valarie purchases a rental house and land for $180,000 during a depressed real estate market. Appraisals place the value of the house at $140,000 and the land at $60,000 (a total of $200,000). What is Valarie's basis in the house
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Ответ:
$126,000
Explanation:
Calculation for Valarie's basis in the house
First step is to calculate the House ratio
House ratio = 140,000/200,000
House ratio= 70%
Now let calculate Valarie's basis in the house
Valarie's basis in the house = 180,000*70% = Valarie's basis in the house=$126,000
Therefore Valarie's basis in the house will be $126,000
Ответ: