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Joselo purchased his primary residence for $ 2 8 0 , 0 0 0 . As part of the closing procedure, he paid $ 2

Joselo purchased his primary residence for $280,000. As part of the closing procedure, he paid $2,900 in loan origination fees, $750 to a lawyer to review the purchase contract and other closing papers, $250 for a property survey, and $1,200 for title insurance. He also gave the real estate agent a $100 gift certificate in appreciation for her hard work. What is Joselo's basis in the residence?
$280,000
$281,200
$282,200
$285,100

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