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A California couple, age 65 years each, retired to Arizona. They sold their California house for $500,000, realizing a $125,000 capital gain. They purchased a
A California couple, age 65 years each, retired to Arizona. They sold their California house for $500,000, realizing a $125,000 capital gain. They purchased a home in Arizona in the same year for $375,000. How much did they have to declare as taxable income from this transaction?
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
