Business
Business, 20.12.2019 22:31, alwaysneedhelp84

Alyssa's personal residence (adjusted basis of $100,000) was condemned, and she received a condemnation award of $80,000. alyssa used the condemnation proceeds to purchase a new residence for $90,000. what is alyssa's recognized gain or loss and her basis in the new residence? a.$0; $90,000. b.($20,000); $90,000. c.$0; $70,000. d.($20,000); $70,000.

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Alyssa's personal residence (adjusted basis of $100,000) was condemned, and she received a condemnat...

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