Question: On December 3 0 , 2 0 2 4 , Whitney sold a piece of property for $ 3 2 9 , 2 0 0

On December 30,2024, Whitney sold a piece of property for $329,200. Her basis in the property was $148,140, and she incurred $3,292 in selling expenses. The buyer paid $16,460 down with the balance payable in $31,274 installments over the next ten years. In addition, the buyer assumed a $49,380 mortgage on the property.

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