Michelle Purchased Her Home for $150,000,and Subsequently Added a Garage

question 87

Multiple Choice

Michelle purchased her home for $150,000,and subsequently added a garage costing $25,000 and a new porch costing $5,000.Repairs to the home's plumbing cost $1,000.The adjusted basis in the home is

• A)$150,000.
• B)$151,000.
• C)$180,000.
• D)$181,000.

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