I:12-52 Short Tax Form. On October 29, 2021, Miss Joan Seely (SSN 123-45-6789) sells her principal residence
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I:12-52 Short Tax Form. On October 29, 2021, Miss Joan Seely (SSN 123-45-6789) sells her principal residence for $150,000 cash. She purchased the residence on May 12, 2012, for
$85,000. She spent $12,000 for capital improvements in 2012. To help sell the house, she pays $300 for minor repairs. The realtor’s commission amounts to $7,500. Her old residence is never rented out or used for business. Complete the worksheets in Publication 523 to determine the recognized gain for Miss Seely for 2021.
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Related Book For
Pearsons Federal Taxation Corporations Partnerships Estates And Trust 2023
ISBN: 9780137730391
36th Edition
Authors: KENNETH E. ANDERSON, DAVID S. HULSE, TIMOTHY J. RUPERT Richard J. Joseph LeAnn Luna
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