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10. Julie sold her vacation home during the tax year. Julie purchased the property in 2005 for $236,500 and sold the property for 429,000. Julie

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10. Julie sold her vacation home during the tax year. Julie purchased the property in 2005 for $236,500 and sold the property for 429,000. Julie paid $5,250 to add a deck onto the home in 2008. A flood in 2010 caused $25,000 damage, which she paid to restore the property. Julie did not have flood insurance and was able to claim a $4,100 casualty loss on her itemized deductions that year. What amount of gain from the sale would be reported on her return? a) $162,250 bi $192,500 c) $166,350 d S 0

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