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Investors & landlords
If the original property cost $123,000 and the addition cost $18,000, the total basis is $141k. The addition is 18.8% of the total and the original property is 87.2% of the total.
$125k x 18.8% gives theaddition sales price
$125k x 87.2% of the original asset sale price
‎April 2, 2022
9:50 AM