| Purchase price of home |
$250,000
|
|---|---|
| Allowable settlement fees and closing costs: | +$12,500 |
|
Kitchen bath and remodels:
|
+$50,000
|
| New roof: | +$20,000 |
| New landscaping: | +$15,000 |
|
TOTAL |
=$347,500
|
| Less: Depreciation from home office | -($50,000) |
|
COST BASIS
|
$297,500 |