M-MTax
Level 12

Investors & landlords

A) $210k same basis (I have shared Rev-Rul 71-161 that supports this)

Tough to figure out why you'd need more authority than the RR.....I don't think you're going to find any no matter how hard you or anyone else looks. It's not even a large enough amount for the IRS to even bother with in some sort of audit situation.

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