On August 3 1 , 2 0 2 2 , Nolan and Lei, who file a joint
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On August Nolan and Lei, who file a joint return and live in Charleston, South Carolina, sell their personal residence, which they have owned and lived in for years. The realized gain of $ was excluded under They purchased another personal residence in Charleston for $ on September
In Nolan\'s employer transfers him to Houston, Texas. The couple sells the Charleston home on February and purchases a new home in Houston. The realized gain on the second sale is $
Do not round any division.
What is Nolan and Lei\'s recognized gain on the second sale?
Related Book For
South-Western Federal Taxation 2022 Individual Income Taxes
ISBN: 9780357519073
45th Edition
Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman
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