Which of the following amounts is not included in the computation of a property's adjusted basis in an exchange?
A)Selling expenses incurred by the buyer
B)Acquisition cost of the buyer
C)Capital improvements made to the property by the buyer
D)Depreciation of the property by the buyer

Question

Quizplus · Accepted Answer

Selling expenses incurred by the buyer are not included in the computation of a property's adjusted basis in an exchange. The adjusted basis includes the acquisition cost of the buyer, capital improvements made to the property by the buyer, and the depreciation of the property by the buyer.

Which of the Following Amounts Is Not Included in the Computation