Hailey bought her house in 2015 for $350,000. Since then, she has deducted $55,000 in depreciation associated with her home office and has spent $20,000 replacing all the old pipes and plumbing. She sells the house on July 1, 2019. What is Hailey's adjusted basis at the date of the sale?

the assumption the narrator makes in this excerpt is that the messages he heards were going to hurt the narrator's mom; the narrator just springs in to action. the narrator doesn't specify in this excerpt why he believes that the messages present a problem that requires protection.

answer; ( prices are sticky);