This question: 4 point(s) possible In 2011, Ellen purchased a house for $150,000 to use as her personal residence. She paid $30,000 and borrowed $120,000 from the local savings and loan company. In 2013 she paid $20,000 to add a room to the house. In 2015 she paid $2,400 to have the house painted and $1,200 for built-in bookshelves. As of January 1 of the current year, she has reduced the $120,000 mortgage to $108,300. What is her basis for the house? Her basis for the house is SCIED nit test

2015, Ellen purchased a house for $150,000 to use as her personal residence. She poid $30,000 and bomowed $120,000 fram the local saviogs and loan company. In 2013 she paid $20,000 to idd a room to the house, In 2015 she paid $2,400 to have the house painted and $1,200 for bastin bookphefves. As of January 1 of the current year, athe has reduced the $120,000 morteage to 108,300 . What is hor basis for the house