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According to Mr. Jones on July 01, 2017, he and his wife exchanged their two- family house in Westchester County (378 Pinebrook Blvd, New Rochelle,...

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solving and putting in 2017 tax return


According to MIT . Jones on July 01, 2017. he and his wife exchanged their two -
family house in Westchester County (378 Pinebrook Blud , New Rochelle , NY ), which
they rented entirely from January 01 , 2009 to July 01, 2017 . for a four family rental
property located at 581 Atlantic Avenue , Brooklyn , NY . At the time of the exchange , the
FMIV of the two- family house was $900, 000 , and the adjusted basis was $? ? ? ?"
[ Calculate based on information provided below ) . The six - family house had an adjusted
basis of $300. 000 and a FNIV of $850. 000 . The two- family home was subject to a
$50. 000 mortgage , which the buyer assumed .

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