Wendy purchased a home for $750,000. She added a swimming pool at a cost of $35,000 and a patio deck for $8,00

Question

Wendy purchased a home for $750,000. She added a swimming pool at a cost of $35,000 and a patio deck for $8,000. What is her adjusted basis for this property?
 $750,000
 $758,000
 $785,000
 $793,000

GPT-5 mini · Answer

$793,000

Explanation: Adjusted basis = purchase price + capital improvements = $750,000 + $35,000 + $8,000 = $793,000.

Wendy purchased a home for $750,000. She added a swimming pool at a cost of $35,000 and a patio deck for $8,000. What is her adjusted basis for this property?
$750,000
$758,000
$785,000
$793,000

All Answers 1

Submit Your Answer

Wendy purchased a home for $750,000. She added a swimming pool at a cost of $35,000 and a patio deck for $8,000. What is her adjusted basis for this property? $750,000 $758,000 $785,000 $793,000

All Answers 1

Submit Your Answer

Wendy purchased a home for $750,000. She added a swimming pool at a cost of $35,000 and a patio deck for $8,000. What is her adjusted basis for this property?
$750,000
$758,000
$785,000
$793,000