Patty O'Reilly converted her principal residence to rental property two years ago when it was worth $70,000. O'Reilly paid $85,000 for the house.

1.Patty O'Reilly converted her principal residence to rental property two years ago when it was worth $70,000. O'Reilly paid $85,000 for the house. What is O'Reilly's basis in the house if after taking $10,000 of depreciation deductions she sells it for $66,000?Question 1 options: a)