Question

14. Amy and Greg owned a house jointly. The purchase price of the house was $146,000. During the time that they lived in the house, they completed the following work. Storm doors $ 1.300 Addition of a two-car garage $ 40.250 Replacement windows $ 6.500 Replaced broken windows $ 265 Addition $ 15.000 Repaired flooring near bathtub $ 450 Repaired roofing shingles $ 600 Replaced oven burner $ 25 Amy and Greg filed for divorce, which became final in August 2019. In the divorce decree. Greg was awarded the house. What is Greg's basis in the house? a) $209,050 b) $210,390 c) $210,100 d) $146,000

Answer 1

Answer:

Particulars	Amount
Purchase Cost	$146,000
Add: Storm doors =$1300 Replacement windows=$6500 Addition   =$15000 Repaired roofing shingles =$600 Addition of a two-car garage=$40250 Replaced broken windows =$265 Repaired flooring near bathtub =$450 Replaced oven burner= $25	64390
Total	$210,390