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03-01-2023
Business

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louise purchased her primary residence for $240,000. as part of the closing procedure, she paid $2,300 in a loan origination fee, $750 to a lawyer to review the purchase contract and other closing papers, $150 for a property survey, and $800 for title insurance. she also gave the real estate agent a $75 gift basket in appreciation for his hard work. what is louise's basis in the residence? $244,075 $244,000 $241,700 $240,950

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