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Francis bought his primary residence for $175,000 in the summer of 2017. At closing, he also paid $500 for title insurance and $215 to record
Francis bought his primary residence for $175,000 in the summer of 2017. At closing, he also paid $500 for title insurance and $215 to record the deed. In the spring of 2021, Francis paid $1,625 to remodel the master bath. In the late summer of 2021, he spent $150 for supplies to paint the first floor rooms. In the fall of 2021, Francis replaced the furnace with a qualified energy-efficient one. He spent $1,500 for the new furnace and claimed a $450 credit for it on his 2021 tax return. What is Francis's adjusted basis in the house
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