Mr. and Mrs. Kitchens purchased their first home in Ohio for $135,000 on October 1, 2015. Because
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Mr. and Mrs. Kitchens purchased their first home in Ohio for $135,000 on October 1, 2015. Because Mr. Kitchens’ employer transferred him to Utah, they sold the house for $160,000 on January 10, 2016. How much of the gain is recognized?
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Related Book For
Federal Taxation 2017 Individuals
ISBN: 9780134420868
30th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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