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Confused on the difference in Question 24 and 28 answer
Leelah-18085 - 10/18/2019, 1:44 am

Please help. How/why is the method to solving question 24 and 28 different? They appear to be similar questions

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RAIN - 10/18/2019, 6:03 pm

When you refer to "question 24" or "question 28" nobody can see what you are referring to. The question numbers are unique to your study sessions.

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user-21492 - 11/6/2019, 2:23 pm

The difference is he paid cash (boot) of $15k and increases the property basis qualifies for Section 179 deduction.

The other question is 90% of ($10k Paid(not cash) + $2k trade in) = $10,800

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