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Adnan and Lola (married filing jointly) just sold their primary residence for $950,000. They have lived there for the past 6 years. The cost
Adnan and Lola (married filing jointly) just sold their primary residence for $950,000. They have lived there for the past 6 years. The cost basis for the home is $400,000. They have a 37% marginal tax rate. What is the tax on the sale of their home?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
