Jennifer Winters bought her new home for $210,000, plus $600 in legal fees, and $4,100 in...
Jennifer Winters bought her new home for $210,000, plus $600 in legal fees, and $4,100 in other closing costs. The basis of her home is:
$205,300
$210,600
$214,100
$214,700
Homework Answers
| Answer | |||||
| The Correct option is D : $214,700 | |||||
| Explanation | |||||
| Calculation of basis of the Home | |||||
| + | Purchase cost | $ 210,000 | |||
| + | Legal fee | $ 600 | |||
| + | Closing cost | $ 4,100 | |||
| The basis of her home is | $ 214,700 | ||||
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