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Business, 28.11.2019 01:31 monsterwins5001

Stephanie's building, which was used in her business, was destroyed in a fire. stephanie's adjusted basis in the building was $175,000, and its fmv was $210,000. stephanie filed an insurance claim and was reimbursed $200,000. in that same year, stephanie invested $180,000 of the insurance proceeds in another business building. assuming the proper election is made to defer gain, stephanie's basis in the new building will be

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