Mr. and Mrs. Kitchens purchased their first home in Ohio for ($135,000) on October 1, 2022. Because
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Mr. and Mrs. Kitchens purchased their first home in Ohio for \($135,000\) on October 1, 2022. Because Mr. Kitchens’ employer transferred him to Utah, they sold the house for \($160,000\) on January 10, 2023. How much of the gain is recognized?
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Related Book For
Pearsons Federal Taxation 2024 Individuals
ISBN: 9780138238100
37th Edition
Authors: Mitchell Franklin, Luke E. Richardson
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