You purchase a bay window for your office at a cost of $1,000. The advertised price...
You purchase a bay window for your office at a cost of $1,000. The advertised price was $1,200. You spend $1,200 to have the window installed. You purchase vertical blinds for $50. Since the window is on the second floor of your office building, you pay $100 to have it professionally cleaned after the installation to remove protective foam on the glass. What is the adjusted basis?
Homework Answers
Adjusted basis = original cost + cost for improvement
And related expenses
=$1200+$50+$100
= $1350
Therefore adjusted basis =$1350
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