In 2009, Ella purchased a house for $ 155,000 to use as her personal residence. She paid $31,000 and borrowed $124,000 from the local savings and loan company. In 2011 she paid $18,000 to add a room to the house. In 2013 she paid $1,900 to have the house painted and $1,100 for built-in bookshelves. As of January 1 of the current year, she has reduced the $124,000 mortgage to $111,600. What is her basis for the house? Her basis for the house is In 2009, Ella purchased a house for $ 155,000 to use as her personal residence. She paid $31,000 and borrowed $124,000 from the local savings and loan company. In 2011 she paid $18,000 to add a room to the house. In 2013 she paid $1,900 to have the house painted and $1,100 for built-in bookshelves. As of January 1 of the current year, she has reduced the $124,000 mortgage to $111,600. What is her basis for the house? Her basis for the house is