in 2001,Ellen purchased a house for $ 90 comma 000to use as her personal residence. She paid $ 18 comma 000and borrowed $ 72 comma 000from the local savings and loan company. In 2005she paid $ 15 comma 000to add a room to the house. In 2007she paid $ 950to have the house painted and $ 700for built-in bookshelves. As of January 1 of the current year, she has reduced the $ 72 comma 000mortgage to $ 64 comma 800. What is her basis for the house?
Originally posted 2018-07-23 17:53:17. Republished by Blog Post Promoter