Larry Gaines, age 42, sells his personal residence on November 12, 2012, 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 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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