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2. You have decided to dispose of a duplex you have held as an investment property for the past 10 years. The adjusted tax basis

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2. You have decided to dispose of a duplex you have held as an investment property for the past 10 years. The adjusted tax basis of the property prior to the sale was $585,750. The balance of your existing mortgage was $471,801. You have depreciated the asset by $218,183. If selling costs are 5% of the selling price and you sell the property for $1,350,000, calculate your after-tax cash flow from disposal. Your long-term capital gains rate is 15% and your passive income is taxed at 25%. Round all calculations to the nearest $1

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