The amount of $225,000 will be the would be the basis of the apartment building for income tax purposes.
Basically, the cost basis is the purchase cost which is $225,000.
The fair market value and appraised cost does not have anything to do with tax basis for income tax purposes.
In conclusion, the amount of $225,000 will be the would be the basis of the apartment building for income tax purposes
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The correct answer that would best complete the given statement above would be the term LOVE AND BELONGING. <span>Zach, a high school junior, has just moved to a new town and cannot wait to get to school to meet new people. He likes sports and hopes he can try out for the soccer team. According to Maslow, Zach is working to fulfill his LOVE AND BELONGING needs. This is according to Maslow's hierarchy of needs which includes physiological needs, safety, love and belonging, esteem, self-actualization and self-transcendence. </span>
$60, because 4 percent of 300 is 12, and 12*5 years is $60 earned through interest.
The answer is 60.
