Sam bought a house for $200,000. He spent $50,000 to add a room. He sold the house for $260,000.
A. Sam’s basis is $150,000.
B. Sam’s basis is $260,000.
C. The appreciation is $60,000.
D. The appreciation is $50,000.
Answer: C
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A. Are only privileged between the attorney and the judge B. Are only privileged between the opposing attorneys in the case C. Are communications between attorney and client to be kept confidential D. None of the above E. Are only privileged between the attorney and the judge and between the opposing attorneys in the case
Privately arranged independent adoptions do not need to be approved by a court
Indicate whether the statement is true or false
A revisionary interest is a right to the future enjoyment of property that one originally owned
a. true b. false
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