In the scenario where additional depreciation is applied, what is the total adjusted basis for the property after depreciation for the son?

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The total adjusted basis for the property after additional depreciation is correctly represented by the father’s basis plus the son's additional depreciation because the basis of a property is adjusted based on improvements, depreciation, and other factors.

When a property is transferred between family members, such as from a father to a son, the son typically takes on the father's basis in the property for tax purposes. This inherited basis can be further adjusted by any new depreciation that the son claims as the property generates income. In this context, the additional depreciation the son is allowed to take into account is added to the initial basis he receives from his father. Thus, the adjusted basis reflects the cumulative amounts, recognizing both the original basis from the father and the new depreciation claimed by the son.

The other possible responses do not accurately reflect how basis adjustments are calculated when depreciation is applied. The complexity of basis adjustments and how they are influenced by the lifetime of ownership and depreciation claims is essential in understanding property taxation.

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