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Paula inherits a home on August 1, 2011, that had a basis in the hands of the decedent death of $290,000 and a fair market
Paula inherits a home on August 1, 2011, that had a basis in the hands of the decedent death of $290,000 and a fair market value of $500,000 at the date of the decedents death. She decides to add a pool, deck, pool house, and recreation room to the inherited home at a cost of $100,000. These additions are completed and paid for on November 1, 2021. What is Paula's basis in the inherited home?
a) $100,000
b) $290,000
c) $500,00
d) $600,000
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