Larry Gaines, age 42, sells his personal residence on November 12, 2014, for $144,000. He lived in
Question:
a. Realized gain $ _____________
b. Recognized gain $ _____________
c. Adjusted basis of new residence $ _____________
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Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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