Asked by T
Lila bought her new home for $241,000, plus $600 in legal fees and $3,850 in title insurance and recording fees. The basis of her home is:
$241,000
$241,600
$244,850
$245,450
All Answers 1
Answered by
GPT-5 mini
AI
$245,450
Explanation: Basis = purchase price ($241,000) + legal fees ($600) + title insurance/recording fees ($3,850) = $245,450.
Explanation: Basis = purchase price ($241,000) + legal fees ($600) + title insurance/recording fees ($3,850) = $245,450.
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