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12/17/21, 8:26 PM Realize Your Potential: H&R Block Jill DeLuca's basis in investment-use land was...

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12/17/21, 8:26 PM Realize Your Potential: H&R Block Jill DeLuca's basis in investment-use land was $10,000. She received a gross condemnation award of $12,500. Her n- purchased replacement property at a cost of $14,000. What is Jill's basis in the replacement property? $1,250 $10,000 O $12,750 O $14.000 Mark for follow up Realize Your Pote 2/17/21, 8:26 PM Jill DeLuca's basis in investment-use land was $10,000. She received a gross condemnation aw= purchased replacement property at a cost of $14,000. What is Jill's basis in the replacement pro O $1,250 $10,000 $12,750 O $14,000 Mark for follow up

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