Larry Gaines, age 42, sells his personal residence on November 12, 2013, 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 2014
ISBN: 9781285424545
32nd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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