Michelle purchased her home for $ 150,000 and subsequently added a garage costing $ 25,000 and a new porch costing $ 5,000. Repairs to the home's plumbing cost $ 1,000. What is the amount of the adjusted basis in the home?
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Michelle purchased her home for $ 150,000 and subsequently added a garage costing $ 25,000 and a new porch costing $ 5,000. Repairs to the home's plumbing cost $ 1,000. What is the amount of the adjusted basis in the home?
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